“The year 2015 offers a unique opportunity for global leaders and people to end poverty, transform the world to better meet human needs and the necessities of economic transformation, while protecting our environment, ensuring peace and realizing human rights. We are at a historic crossroads, and the directions we take will determine whether we will succeed or fail on our promises,” said United Nations Secretary-General Ban Ki Moon in the synthesis report on the post-2015 agenda.
The Sustainable Development Goals (SDGs) are rooted in an agreement reached during the United Nations Conference on Sustainable Development held in Rio de Janeiro in June 2012, otherwise known as Rio+20, and the adoption of the outcome document, “The Future We Want.” As a cornerstone for the post-2015 development agenda, the 17 SDGs begin where unfinished work of the Millennium Development Goals (MDGs) left off, with aspirations of poverty eradication, inclusion, human rights, equality, and sustainability.
The Center for International Private Enterprise together with Creative Associates International recently held a forum with Pauline Baker of the Fund for Peace, Tony Pipa of United States Agency for International Development (USAID), J.W. Wright of Creative Associates, and Amb. James Michel, author of “Shaping the New Development Agenda” (available in full or abridged versions), which guided the conversation.
This article originally appeared on the Russian International Affairs Council blog.
By Patricia E. Dowden and Philip M. Nichols
What standards should businesses observe in their own countries, or abroad? Businesses now have resources and influence that rival or surpass those of governments and certainly of ordinary people. The choices businesses make can profoundly influence the lives of every person on the planet. Businesses, governments, and people now recognize that businesses must do much more than merely obey the law. Yet discerning and agreeing on globally appropriate rules for business behavior has been a formidable and contentious discussion among business leaders and academics.
While acknowledging all of the contentiousness, we now offer a modest proposal for a unifying global business ethics principle:
A basic duty of every organization is to earn stakeholder trust.
This principle is meant to replace a more familiar but flawed imperative: that the basic duty of each business leader is to “maximize shareholder value.”  Such a duty has never been explicitly written into corporate law, yet is often practiced by CEOs as a way of avoiding dissatisfied shareholders and being replaced by a similarly dissatisfied Board of Directors. But a single-minded focus on profitability – especially very short-term profitability – has serious limitations and risks to the ongoing enterprise; we will explain why earning and maintaining stakeholder trust – including shareholders — can not only serve businesses’ bottom line over time, but also make the market economies where they operate much more sustainable.
Read More at Corporate Compliance Trends…
Why have China and Ghana achieved impressive growth and poverty reduction while Nigeria has seen an increase in poverty even as its economy grew to be the largest in Africa? The answer to this question lies in the relationships between the poor and elites, and specifically in patterns of social inclusion and exclusion. That is the conclusion reached by Seth Kaplan in his book Betrayed: Politics, Power, and Prosperity, based on a study of scholarly literature and personal observations in developing countries. Without a doubt, inclusion presents a fundamental challenge of development, and Kaplan has dug down to frame the core of the problem.
This post originally appeared on Corporate Compliance Trends.
Ethics is an increasingly important component of doing business for both small and medium sized enterprises to multinational corporations in today’s globalized world. The Center for International Private Enterprise (CIPE) has long been an active advocate for better business practices with its focus on anti-corruption initiatives and promoting corporate social responsibility.
Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, recognized CIPE leaders and partners for their contributions to advancing business ethics. Ethisphere magazine listed CIPE’s Executive Director John D. Sullivan and Michael Hershman, member of CIPE’s board of directors, as the top 100 most influential individuals in business ethics in 2014.
The Open Government Partnership has an ambitious agenda to advance transparency and accountability in government, which it seeks to advance through voluntary commitments, citizen engagement, and progress monitoring reports. It has garnered many adherents since it was launched by eight countries in 2011, and its members have already implemented numerous practical reforms.
At the OGP Americas Regional Meeting in Costa Rica, we had the opportunity to take stock of accomplishments and learn from practitioners about what makes the partnership work and how to sustain it. I was struck by the scale of the effort in several countries despite their resource constraints, as well as the concerns voiced by civil society for the integrity of overall reform.
The process of moving goods across borders is a major source of corruption around the world.
As the world commemorates International Anti-Corruption Day, renewed progress in the implementation of the Trade Facilitation Agreement (TFA) provides a reason for optimism in the fight against corruption.
Reached during last year’s World Trade Organization (WTO) accord in Bali, the TFA creates binding commitments across 159(+) WTO members to expedite movement, release and clearance of goods, improve cooperation on customs matters, and moreover, help developing countries effectively meet these obligations.
The TFA is also a potentially invaluable tool for tackling corruption as the simplification of customs procedures can greatly reduce opportunities for corruption. As the World Bank’s Customs Modernization Handbook sets forth, customs procedures are a key source of corruption, as officials and workers seek bribes in order to move goods in and out of the country.
Given the formidable barrier that corruption poses for both developed and developing countries, one may question how explicitly this agreement will challenge corruption, and what this will look like in terms of activities creating outcomes. In an Economic Reform Feature Service article released by CIPE today, Laura B. Sherman, senior legal adviser at Transparency International USA, breaks the larger TFA into its individual components and addresses in practical terms how each will translate into activities that prevent corruption.
Last week I celebrated Thanksgiving in an unusual way. Instead of turkey and cranberry sauce – Italian pizza and pasta. Instead of family and relatives, over 30 new acquaintances who are impressive women business leaders from around the world. All this thanks to a generous invitation from the International Training Centre of the International Labour Organization (ITCILO) in Turin to a stock-taking conference “Employers’ Organizations and Women Entrepreneurs: How to Reach Out?”
The conference was the final event of a three-year ITCILO initiative conducted with the support from the Dutch Employers Cooperation Programme (DECP) to better connect employers’ organizations with women entrepreneurs, who tend to be underrepresented. This initiative set out to build capacity of employers’ organizations on how to organize and represent women entrepreneurs effectively, and to ensure that women entrepreneurs can benefit from being part of a collective business voice in terms of access and influence over policymaking and direct benefit from the services provided by business organizations to their members.
A series of regional workshops ensued in Eastern and Southern Africa, Asia-Pacific, West Africa, the Caribbean, and the Maghreb, culminating in the Turin event where representatives from the organizations who participated in these workshops came together to exchange lessons learned and produce guidance on best practices.