On 9 December 2005, the International Day against Corruption, Brazilian businessmen presented the Private Sector Pact for Promoting Integrity and Fighting Corruption at the Stock Exchange in Sao Paolo. The Pact was initiated to reduce corruption in Brazil by increasing transparency in relations between the public and private sectors. Inspired by the United Nations Convention against Corruption and the Organization for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises, the Pact was developed by Ethos Institute of Business and Social Responsibility in partnership with Patri Relacoes Governamentais and Politicas Publicas, United Nations Development Programme (UNDP), United Nations Office against Drugs and Crime (UNODC), and the Brazilian Committee of the United Nations Global Compact. The Pact consists of nine recommendations for businesses that will bring transparency to their transactions, particularly regarding contributions to electoral campaigns. Those who sign the document commit to making contributions within the strict limits of the law, to verify the accurate registration of ontributions and to declare any irregularity.
Fuente: Red de Pacto Global