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V Conference of the States Parties to the United Nations Convention against Corruption highlights the role of the Private Sector in preventing and combatting corruption

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The V Conference of the States Parties to the United Nations Convention against Corruption takes place from 25 to 29 November 2013 in Panama City, Panama. With 168 States Parties, the United Nations Convention against Corruption exists as the world's only universal, legally binding anti-corruption instrument.

At its third session, the Conference of the States Parties adopted resolution 3/2 on the prevention of corruption, underscoring the role that the private sector has to play in preventing and fighting corruption.

In particular, the Conference mandated UNODC to collect and disseminate information on methodologies for assessing special vulnerabilities of areas in the private sector prone to corruption, and called upon States Parties to promote the business community's engagement in the prevention of corruption. The Conference also encouraged States Parties, representatives of private sector entities and relevant international organizations to consult and collaborate with each other in order to share best practices on the alignment of systems of public procurement with the requirements of Article 9 of the Convention (Public Procurement and Management of Public Finances). Additionally, in its Resolution 3/4 on technical assistance, the Conference encouraged States and UNODC to continue to develop and promote coordinated partnerships, including between the public and private sectors, in order to leverage resources for advancing technical assistance efforts.

Building on Resolution 3/4, the Fifth Conference of the States Parties to the Convention continues to emphasize the role of the private sector, with a number of special events designed to address, discuss and exchanges best practices, challenges and achievements in enhancing the role of the private sector in combatting various forms of corruption, within the framework of the United Nations Convention against Corruption.

These special events include:

  • Round Table on Possible Regulatory Developments to Enhance the Private Sector's Role in the fight against Corruption in a Global Business Context, Wednesday 27 November 2013, 10:00-13:00 and 15:00-18:00;
  • Legal Incentives for Promoting Corporate Integrity and Cooperation, Wednesday 27 November, 13:00-14:00;
  • Partnership between the Public Sector, Private Sector and Civil Society in the Fight against Corruption, Focusing on Communication in the Prevention of Corruption, Thursday 28 November 2013, 12:30-14:00;

For more information on the United Nations Convention against Corruption and the role of the Private Sector, click Here.