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January 28, 2005

Jamshyd N Godrej, chairman and managing director, Godrej & Boyce Manufacturing Co. Ltd is the only Indian corporate leader to have committed to supporting a zero-tolerance policy in a WEF-led collaborative move to fight corruption and bribery.

In all 62 corporate leaders from around the world are supporting the move.

The World Economic Forum's Partnering Against Corruption Initiative (PACI) announced at the Foundation's Annual Meeting 2005 that the following companies have signed the support statement to the Partnering Against Corruption Principles for Countering Bribery (PACI Principles):

The PACI principles are derived from Transparency International's Business Principles for Countering

Bribery and call for two fundamental actions:

  • a zero-tolerance policy towards bribery, and
  • the development of a practical and effective implementation programme.

The companies' support means they will either implement anti-bribery and anti-corruption practices based on the PACI principles or use them to benchmark and improve their existing programmes so they achieve the objectives of the PACI Principles.

The widespread adoption of the PACI principles will raise business standards across the world and contribute to the goals of good governance and economic development.

"The overwhelming positive response to the Partnering Against Corruption Initiative demonstrates both the desire and urgency of addressing this issue," said Klaus Schwab, Executive Chairman of the World Economic Forum.

Additionally, "The commitment of the signatory companies marks a significant step towards tackling corruption and bribery from a corporate perspective. The signatories' have demonstrated courage and leadership. We hope that many more companies will follow their example and support the PACI principles."

ABB Ltd

Switzerland

Dinesh C. Paliwal

CEO, North America

Alcan Inc.

Canada

Travis Engen

President and CEO

Areva

France

Anne Lauvergeon

Chairman of the Board

Autostrade SpA

Italy

Gian Maria Gros-Pietro

Chairman

Aveng Limited

South Africa

Carl Grim

CEO

Bechtel Group Inc.

USA

Riley P. Bechtel

Chairman and CEO

Biwater Plc

United Kingdom

Adrian E. White

Group Chairman

British Columbia Hydro and Power Authority

Canada

Bob G. Elton

President and CEO

CEZ AS (Ceske Energeticke Zavody)

Czech Republic

Martin Roman

Chairman and CEO

CH2M HILL Companies Ltd

USA

Ralph R. Peterson

Chairman and CEO

Cinergy Corp.

USA

James E. Rogers

Chairman and CEO

Consolidated Contractors Company (CCC)

Greece

Samer Khoury

Executive Vice-President

Corporacion IMPSA

Argentina

Enrique Pescarmona

President

Corporacion Nacional del Cobre de Chile (CODELCO)

Chile

Juan Villarzu

President and CEO

Daesung Group

Republic of Korea

David Y. H. Kim

Chairman and CEO

De Beers Group of Companies

United Kingdom

Andrew Bone

Head, Public Affairs

Emirates National Oil Company Ltd

Dubai

Hussain M. Sultan

Group Chief Executive

Enel SpA

Italy

Piero Gnudi

Chairman

Eskom

South Africa

Thulani S. Gcabashe

Chief Executive

Falck Group

Italy

Achille A. Colombo

Managing Director

Fluor Corporation

USA

Alan Boeckmann

Chairman and CEO

Fouad Alghanim & Sons Gro= up of Companies

Kuwait

Fouad M. T. Al-Ghanim

Chairman and CEO

Georgsmarienhutte Holding GmbH

Germany

Jürgen Grossmann

Owner and CEO

Godrej & Boyce Manufacturing Co. Ltd

India

Jamshyd N. Godrej

Chairman and Managing Director

Grupo Marhnos

Mexico

Nicolas Mariscal

Chairman of the Board

Halcrow Group Ltd

United Kingdom

Anthony K. Allum

Chairman

Hamza Alkholi Group

Saudi Arabia

Hamza B. Al Kholi

Chairman and CEO

Hilti Aktiengesellschaft

Liechtenstein

Pius Baschera

CEO

Hochtief Aktiengesellschaft

Germany

Hans-Peter Keitel

Chairman and CEO

Ivalsa Group

Argentina

Carlos Augusto Vallet

CEO

Karl Steiner AG

Switzerland

Peter Steiner

Chairman of the Board

Kuwait Petroleum Corporation

Kuwait

Hani A. Hussain

CEO

Lahoud Engineering Co. Ltd

Lebanon

Samir Lahoud

Chairman

Lenenergo JSC

Russian Federation

Andrey Likhachev

General Director

Mori Building Company Limited

Japan

Minoru Mori

President and CEO

Murray & Roberts Holdings

South Africa

Brian C. Bruce

Group Chief Executive

Newmont Mining Corporation

USA

Wayne W. Murdy

Chairman and CEO

Norsk Hydro ASA

Norway

Eivind Reiten

President and CEO

Obayashi Corporation

Japan

Takeo Obayashi

Chairman

Occidental Petroleum Corporation

USA

Ray R. Irani

Chairman and CEO

Ormat Industries Ltd

Israel

Lucien Y. Bronicki

Chairman

Pakistan State Oil Company Limited (PSO)

Pakistan

Tariq Kirmani

MD and CEO

Peremba Group of Companies

Malaysia

Razali Abdul Rahman

Chairman

Petroleo Brasileiro SA Petrobras

Brazil

Ildo Sauer

Managing Director

PETRONAS (Petroliam Nasional Bhd)

Malaysia

Hassan Marican

President and CEO

Polski Koncern Naftowy ORLEN SA

Poland

Igor Chalupec

President and CEO

Rio Tinto Plc

United Kingdom

Leigh Clifford

CEO

Royal Boskalis Westminster NV

Netherlands

Robert van Gelder

CEO

Santos Ltd

Australia

John Ellice-Flint

MD and CEO

Sasol Limited

South Africa

Pieter V. Cox

Deputy Chairman

Schindler Holding Ltd

Switzerland

Alfred Spörri

Member of the Board

Skanska AB

Sweden

Stuart E. Graham

President and CEO

SNC-Lavalin Group Inc.

Canada

Jacques Lamarre

President and CEO

Statoil ASA

Norway

Helge Lund

President and CEO

Sual-Holding

Russian Federation

Victor F. Vekselberg

Chairman

TNK-BP Management

Russian Federation

Robert W. Dudley

President and CEO

Turner Construction - International LLC

USA

Nicholas E. Billotti

President and CEO

Umicore

Belgium

Thomas Leysen

CEO

Vattenfall

Sweden

Lars G. Josefsson

President and CEO

Washington Group International

USA

Stephen G. Hanks

President and CEO

Woodside Petroleum Ltd

Australia

Donald R. Voelte

MD and CEO

Zumtobel AG

Austria

Andreas Ludwig

Executive Chairman

Up until today the PACI focused on three sectors: energy, engineering & construction, and mining & metals.

Within the World Economic Forum's activities, the energy as well as the engineering & construction communities have addressed the issue since 2002, and the mining & metals community since 2003. Given the progress achieved in these three sectors, the PACI board has agreed on Friday to expand the scope of the PACI and to reach out to other sectors as well.

"The need to tackle corruption proactively goes far beyond the energy, engineering & construction, and mining & metals sectors. The private sector has to take action to prevent bribery and corruption, and especially in the so-called higher risk industries such as the logistics & transport, pharmaceutical and defence sectors," said Mark Pieth, Chairman of the Working Group on Bribery at the Organisation for Economic Co-operation and Development (OECD), Paris, and member of the PACI Board.

He added: "After seeing the positive dynamic created by the PACI in these three sectors, we are convinced the Initiative has the potential to bring about significant progress in other sectors as well. We are counting on the leaders of other industries to pick up this challenge and to take steps to prevent bribery in their respective industries."

The initiative seeks to:

  • Offer a neutral platform enabling companies to consolidate their efforts to counter bribery and"corruption;
  • Extend the ongoing efforts to implement measures to fight corruption and bribery to a wider group of"companies;
  • Communicate to a wider public the active commitment of leading companies to the principles of countering bribery and corruption;
  • Identify and implement mechanisms to turn the principles into a tangible instrument;
  • Integrate anti-corruption experts, NGOs, international organisations and governments into the activities of the PACI in order to develop a wider and more comprehensive effort to fight corruption and bribery.

The PACI board members are:

  • Alan L. Boeckmann, Chairman and Chief Executive Officer, Fluor Corporation, USA
  • Jermyn P. Brooks, Member of the Board of Directors, Transparency International, Germany
  • Hassan Marican, President and Chief Executive Officer, PETRONAS (Petroliam Nasional), Malaysia
  • Wayne W. Murdy, Chairman and Chief Executive Officer, Newmont Mining Corporation, USA
  • Mark Pieth, Chairman, Working Group on Bribery, Organisation for Economic Co-operation and Development (OECD), Paris
  • Richard Samans, Managing Director, Global Institute for Partnership and Governance, World"Economic Forum

India and the World Economic Forum: Complete Coverage


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