On June 26, 2000 the OECD Guidelines for multinational enterprises (MNEs) were formally adopted by 33 countries, including all major developed countries. The Guidelines are recommendations addressed by governments to MNEs, providing voluntary principles and standards for responsible business conduct. Although the Guidelines are not legally binding, OECD governments are committed to promoting their observance. Philips welcomes the Guidelines, has distributed them at executive/compliance level throughout the organization, and sees them as an important aid to the further implementation of its General Business Principles.
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