Friday, May 8, 2009

UN Convention Against Corruption

Chief executives from some of the world's leading companies have thrown their support behind the UN Convention against Corruption -- a treaty signed by 140 countries and ratified by 136 to date.  The letter to UN Secretary General Ban Ki Moon called the Convention as "an essential instrument in the fight against corruption," which is crucial in the current period of financial and economic turmoil to prevent an "erosion of ethical standards that will be hard to reverse."  They also underscored the importance for the Conference of States Parties to the Convention, held in Doha in November, to establish an effective implementation review mechanism.

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