Emerging Control of and Sanctions Against Corruption: The International Chamber of Commerce

Abstract

The chapter focuses on the role of the International Chamber of Commerce (ICC) in combating corruption. It offers a historical overview of the chamber’s activities in this field commencing with the establishment of the Committee on Extortion and Bribery in 1974. It illustrates the functions of the International Panel of Experts, created as a monitoring body for the rules of conduct produced by this nongovernmental organization. The chapter then outlines the new anticorruption initiatives developed by the ICC together with other international organizations. In particular, the chapter covers the Resisting Extortion and Solicitation in International Transactions project set up by the ICC, Global Compact, Partnering Against Corruption Initiative (PACI), and Transparency International; the Good Practice Guidance on Internal Control, Ethics, and Compliance developed by the Organisation for Economic Co-operation and Development (OECD) Working Group on Bribery; and the ICC Anti-corruption Clause, which represents a new instrument for the civil sanctioning of corruption.