Metals Technology Initiative (MTI)
Anti–corruption Collective Action for the metals technology industry
The Anti–Corruption Collective Action Initiative for the Metals Technology Industry
The Metals Technology Initiative (MTI) is a Collective Action initiative that brings together the four leading companies in the metals technology industry: Danieli, Primetals Technologies, SMS Group and Tenova. MTI provides a forum for the exchange of anti-corruption compliance best practices and related developments in the metals technology industry among its members to collaborate further in the development of joint anti-corruption initiatives in countries in which they operate.
* The map shows countries where the member companies are present
Frequently asked questions about MTI
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- Why set-up an industry-specific anti-corruption Collective Action initiative?
- MTI member companies recognise that corruption is detrimental to the business environment and has negative social and economic impacts in the communities and countries where it occurs. This initiative reflects their shared commitment to prevent bribery and all forms of corruption, as set out in their respective Codes of Conduct and related internal policies and controls.
- What is anti-corruption Collective Action?
Anti-corruption Collective Action is, according to a widely cited 2001 document by the World Bank Institute, ‘a collaborative and sustained process of cooperation amongst stakeholders. It increases the impact and credibility of individual action, brings vulnerable individual players into an alliance of like-minded organisations and levels the playing field between competitors.’
Anti-corruption Collective Action is increasingly being recognised as a means to bring together companies and other stakeholders to address various forms of corruption risks. Collective Action initiatives often strive to harmonise compliance in order to level the commercial playing field in a particular location or business sector. Regular forums to share experience in implementing the common standard contribute to the creation of communities of practice and enhanced capacity and knowledge across all participants.
- How does the Metals Technology Initiative operate?
Representatives from the senior managements of MTI companies have been meeting regularly since mid-2013 to address anti-corruption compliance within their business sector. All the meetings are facilitated by the Collective Action team at the Basel Institute on Governance, a Swiss-based not-for-profit competency centre.
MTI companies have signed a Memorandum of Understanding (MoU) setting out the companies’ anti-corruption and fair competition commitments and proposed actions to promote their anti-corruption principles. This MoU is complementary to, and reflective of, key elements of their respective anti-corruption compliance programmes. The companies are committed to continue working together to ensure that their compliance programmes reflect best practices and fully reflect the undertakings set out in the MoU.
Key Principles of MTI
The Member companies signed a Memorandum of Understanding (MoU) setting out their anti-corruption commitments and proposed actions to promote their anti-corruption principles. The founding members went public with their Initiative in September 2016.
Members are committed to acting with integrity in business practices and prohibit all forms of bribery in all their business operations globally.
Members develop and implement an anti-corruption compliance programme and robust internal control systems.
Members believe in free and fair markets and competition and prohibit all forms of antitrust behaviour.
Addressing key risks
Members commit to addressing risks relating to intermediaries, project acquisition, donations, gifts/hospitality and public officials.
Sharing best practices
Members strive to improve their internal anti-corruption policies and Codes of Conduct and to share experiences on training and awareness raising.
Secretariat & Facilitator
Commitment to Acting with Integrity in Business Practices
MTI is a business-to-business initiative that is governed by Member Meetings, which take place three times a year. Decisions are reached by consensus and the meetings are convened by a neutral third party. The Initiative is not a legal entity.
The Collective Action team at the Basel Institute acts as the facilitator and convener of the Initiative. The convener is neutral, has no conflicts of interest and is external to the industry which helps to ensure that no antitrust issues arise during the meetings. The members that participate in the meetings are senior legal and compliance officers who are also well aware of the antitrust issues and this also helps to ensure that the risks are minimized. The Basel Institute also acts as the Secretariat of the Initiative.
The Basel Institute’s team works with companies and other concerned stakeholders to develop, facilitate and moderate anti-corruption Collective Action initiatives in a variety of industry sectors. The Basel Institute also supports research and the development of the academic discourse on anti-corruption Collective Action, as well as hosting the B20 Collective Action hub.