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- The Women’s Chamber of Industry and Commerce in Sri Lanka (WCIC), established in 1985, is the oldest women’s chamber of commerce in Sri Lanka and the first such organization in the world.
- The impetus for the establishment of WCIC came from a small group of highly educated and successful women entrepreneurs and professionals who came together to form an organization to empower women in Sri Lanka.
- Since its creation, the WCIC has been actively involved in defending the rights of women-owned businesses, advocating policy reforms that foster entrepreneurship, and representing the voice of small and medium-sized enterprises.
On October 5, 2000, a remarkable event made international headlines: Slobodan Milosevic had fallen from power on a wave of popular dissent. Defying expectations, hundreds of thousands of Serbs – many of them under the age of 30 – stormed the Parliament, demanding Milosevic’s resignation. In the end, it was not bombs or sanctions that determined Milosevic’s political demise, but the will of the Serbian people. Tired of electoral manipulation, allegations of corruption, and seemingly constant warfare, Serbs longed for political change. Like the rest of the post-communist world, they too wanted democracy.Read more...
Until recently, the leadership of Nicaragua’s private sector was perceived to be less attuned to the broader needs of the business community and society and highly influenced by the agendas of individuals. In the policy arena, business leaders were rarely proactive, instead reacting to the government policy proposals or taking them as a given. What became evident in Nicaragua several years ago was a distinct need to transform the private sector, to make it actively engaged in public policy and successful in fostering a business-friendly environment that benefits all levels of society. Before this could happen, the private sector had to identify its development priorities, build consensus, and develop legislative proposals of its own. In that context, a national business agenda (NBA) was a fitting and timely program. (In Nicaragua, the NBA is called Ejes de Desarrollo.)Read more...
The United States leads the world in fines, jail terms, and other penalties for the payment of bribes overseas. An aggressive prosecutorial climate, fuelled by reporting requirements under Sarbanes-Oxley, has moved this issue to center stage for in-house counsel and compliance officers. Companies spend a fortune vetting their third party intermediaries and reviewing any gifts or meals provided to foreign government officials lest the latter be deemed an “inappropriate payment.” Yet, the United States is also one of the few countries that raises no objection to the payment of what it euphemistically calls a “facilitating payment” overseas. These are typically small payments to prompt a low-level government official to do what he or she is supposed to do anyway: stamp your passport, provide police protection, clear your goods through customs, or hook up your phone. The US anti-bribery law, the Foreign Corrupt Practices Act (FCPA) expressly carves out these payments as an exception to its otherwise onerous anti-bribery law.Read more...
In 1995, a group of economists in Prishtina established the Riinvest Institute for Development Research with the mission to promote the modern economic development of Kosovo based on a philosophy of entrepreneurship. Over time, Riinvest became the region’s recognized leader in economic research and policy advocacy. In the late 1990s, Riinvest conducted a comprehensive study of Kosovo’s political economy environment – “Economic Activities and Democratic Development of Kosova” – in cooperation with the Center for International Private Enterprise (CIPE). Later, working with think tanks the Balkan region, Riinvest identified constraints to doing business; it continues to make specific policy recommendations to spur growth and development.Read more...
Several years ago, the understanding of corporate social responsibility (CSR) among companies in Indonesia was poor and patchy. The situation was not much better among the public – there were many misperceptions about what companies ought to do and much confusion over what CSR really entails. Though the concept is not new in the global community, it has only recently emerged as a popular topic in Indonesia. While many companies operating in Indonesia find it exciting to include CSR in their business strategies, the term is often overused and poorly defined.
Some CEOs connect CSR with a connection, albeit vague or tenuous, between charitable contribution and business. Others say that most of their corporate donor programs have nothing at all to do with business strategy, although they admit the programs could generate positive publicity and boost employee morale.Read more...
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The views expressed by authors are their own and do not necessarily represent the views of the Center for International Private Enterprise (CIPE). CIPE grants permission to reprint, translate, and/or publish original articles from its
The views expressed by authors are their own and do not necessarily represent the views of the Center for International Private Enterprise (CIPE). CIPE grants permission to reprint, translate, and/or publish original articles from itsEconomic Reform Feature Service provided that (1) proper attribution is given to the original author and to CIPE and (2) CIPE is notified where the article is placed and a copy is provided to CIPE’s Washington office.
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