G20 Business Summit

B20 South Korea (2010)

Business participation in the G20 South Korea cycle in 2010 took the form of the G20 Seoul Business Summit. There were no taskforces in this year. The Business Summit Joint Statement did not include any anti-corruption recommendations, but the G20 nevertheless made several commitments. The G20 Anti-Corruption Working Group published its first Action Plan for 2011–2012

B20 recommendations

Excerpts from the B20 statement or policy document on anti-corruption in this B20 cycle.

Policy document: Seoul G20 Business Summit Joint Statement by Participating Companies

No anti-corruption recommendations were made to the G20 at the Seoul Business Summit.

G20 commitments

Excerpts from the G20 leaders’ statement relevant to anti-corruption.

Leaders’ Declaration (source)

Excerpt:

To provide broader, forward-looking leadership in the post-crisis economy, we will also continue our work to prevent and tackle corruption through our Anti-Corruption Action Plan; rationalize and phase-out over the medium term inefficient fossil fuel subsidies; mitigate excessive fossil fuel price volatility; safeguard the global marine environment; and combat the challenges of global climate change.

Framework for Strong, Sustainable and Balanced Growth Anti-Corruption (source)

Excerpts:

Recognizing that corruption is a severe impediment to economic growth and development, we endorse the G20 Anti-Corruption Action Plan (Annex III). Building on previous declarations, and cognizant of our role as leaders of major trading nations, we recognize a special responsibility to prevent and tackle corruption and commit to supporting a common approach to building an effective global anti-corruption regime.
In this regard, we will lead by example in key areas as detailed in the Anti-Corruption Action Plan, including: to accede or ratify and effectively implement the UN Convention against Corruption and promote a transparent and inclusive review process; adopt and enforce laws against the bribery of foreign public officials; prevent access of corrupt officials to the global financial system; consider a cooperative framework for the denial of entry to corrupt officials, extradition, and asset recovery; protect whistleblowers; safeguard anticorruption bodies. We are also committed to undertake a dedicated effort to encourage public-private partnerships to tackle corruption and to engage the private sector in the fight against corruption, with a view to promoting propriety, integrity and transparency in the conduct of business affairs, as well as in the public sector.
The G20 will hold itself accountable for its commitments. Beyond our participation in existing mechanisms of peer review for international anti-corruption standards, we mandate the Anti-Corruption Working Group to submit annual reports on the implementation of our commitments to future Summits for the duration of the Anti-Corruption Action Plan.

G20 Action Plan

Some short description of G20 action plan

G20 Anti-Corruption Action Plan 2011–2012

G20 Agenda for Action on Combating Corruption, Promoting Market Integrity, and Supporting a Clean Business Environment

Excerpts:

Business is a stakeholder in anti-corruption efforts, and its engagement on the issue is essential. The G20 will encourage public-private partnerships and offers a significant opportunity for developing and implementing initiatives that engage the private sector in the global fight against corruption. To this end, the G20 will:

strengthen corporate efforts, by extending an invitation to the private sector to meet during the French Presidency, to examine best practices and other forms of business engagement in combating corruption and to consider how G20 corporations could share their on-going efforts.
combat corruption in specific sectors, by working with industry and civil society to identify vulnerabilities in commercial transactions in a subset of specific sectors, with the goal of recommending multi-stakeholder initiatives for improvements in propriety, integrity and transparency by the end of 2011, for consideration by Leaders and implementation thereafter as appropriate.