The Global Compact

Introduction The Global Compact is a strategic policy scheme by the United Nations meant for corporations that are willing to align their business operations and working strategies with ten principles that are universally accepted with regards to human rights, anti-corruption, and environment. The United Nations Global Compact was launched in July 2000 (Tully 2007, 101-106)[1].Advertising We will write a custom report sample on The Global Compact specifically for you for only $16.05 $11/page Learn More The two principles addressed are: The principle against corruption This was the 10th principle on corruption adopted on June 24, 2004. Corruption is a multifaceted and convoluted issue with a broad scope. Many tools and resources have been established to help firms and corporations to develop and effectively implement policies that restrict corruption activities. In order to stop and check corruption within companies, the Global Compact came up with certai n guidelines on how corporations can be made to engage in clean business. The Global Compact recommended that corporations should incorporate a vivid anti-corruption commitment into their corporate citizenship program. This principle also requires that corporations should avoid all forms of corruptions bribery and extortion (Rasche 2010, 520-563)[2]. The company’s point of view The incorporation of this principle into the operations of the company may not be difficult. However, there is high likelihood that the company may not be able to come up with the appropriate and effective strategic means of tracking corrupt activities since the reality is that corruption takes place secretly and in many cases may involve the top executive officials; this actually makes it potentially difficult for responsible junior officials to effectively investigate any corrupt dealings within the company. So, as much as the company may be willing to incorporate the principle in its business operat ions, the outcome may not be positive as expected. The principle about the respect of human rights Under this principle, business organizations are expected to give support and also respect the preservation of human rights that are recognized and proclaimed internationally. The business corporations are also required to ensure that they are never be involved in the abuses of human rights (Mares 2004, 94-96)[3].Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The company’s point of view Respect for human rights is very important both for the reputation and success of the company. It is important to note that any business entity that does not respect human rights is bound to fail. This stems from the fact that the most important part of a company is the personnel. A company needs human beings to provide labor and also needs customers or clients to consume its products (Stationery Offi ce 2009, 71-75)[4]. Without respect to human rights, the company fears it may lose out in business which is the case with any business entity (Alston 2005, 141-157)[5]. Positive and negative lessons from the company’s perspective and other companies’ experience in the process implementing the practices There are a number of positive lessons that have been learnt in the process of implementing the practices. One of them is that integration of the principle or respecting human rights have given the companies’ workforce confidence and assurance about the protection of human rights. This has motivated the workforce and hence increased commitment to companies’ business operations. The companies have therefore learnt that respect for human rights is not only important for companies’ reputation and public image, but also to get the commitment of the workforce. The integration of the principle against corruption has managed to lower the level of corruption within the companies even though it may not be possible to eliminate corruption totally within the companies’ business operations. As much as there are positive lessons to be learnt there are also negative aspects of the principles that have been learn. The companies have learnt that it is easy to incorporate the principle of anti-corruption in their operations but almost impossible to operationalize it due to possible involvement of top executives of the companies. Meanwhile, the companies have also learnt that it could be costly to implement these principles since they add to the cost of companies’ business operations. Benefits and risks to key stakeholders The implementation of anti-corruption principle is of great benefits to shareholders of the company since the effectiveness of its implementation is highly likely to reduce possible embezzlement of funds which may lead to collapse of the company (National Technical Information Service 2005, 113-118). The public r eporting about the company’s intolerance to corruption passes a strong sign customers and both existing and potential investors about the company’s intention to engage in clean business transactions and possible growth of the company.Advertising We will write a custom report sample on The Global Compact specifically for you for only $16.05 $11/page Learn More The risk involved here is that in case the top executives are involved in corruption and lack of respect for human rights, any attempt by junior officer to address the issues of both principles may lead to such an officer losing his or her job and therefore livelihood. The violation of these principles by the company may tarnish the image of the company and hence drive away customers and investors; this has the possibility of affecting the share values of the company. Consequently, the stakeholders may lose in their capital investments. Recommendations In order to ensure successful im plementations of the above principles, the following recommendations are appropriate: The United Nations Global Compact should come up with a strategy of rewarding companies that are showing positive out come as a result of implementing the principles in within the context of their business operations; The Global Compact should also come up with a certain framework to punish signatories companies that default on the principles; The companies should not just be expected to implement the principles simply because they are signatories; the Global Compact should assists companies in implementing the principles by providing consultancy services to the companies; The accountability should be decentralized and the Global Compact should work in collaboration with governments where signatories operate. This implies that the Global Compact should monitor implementations of the principles through local governments. Reference List Alston, Philip. 2005. Non-state actors and human rights. Colle cted courses of the Academy of European Law: 141-157. Mares, Radu. 2004. Business and human rights: a compilation of documents: 94-96. National Technical Information Service. 2005. Daily report: People’s Republic of China, Issues 113-118. The University of Michigan: 113-118. Rasche, Andreas. 2010. The United Nations Global Compact. Achievements, Trends and Challenges: 101-106. Stationery Office. 2009. Any of Our Business? Human Rights and the UK Private Sector First Report of Session 2009-10: Vol. 2 Oral and Written Evidence: House of Lords Paper 5-ii Session 2009-10: 71-75.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Tully, Stephen. 2007. International documents on corporate responsibility. U.S.: Edward Elgar Publishing. Footnotes Tully, Stephen. 2007. International documents on corporate responsibility. U.S.: Edward Elgar Publishing Rasche, Andreas. 2010. The United Nations Global Compact. Achievements, Trends and Challenges: 101-106. Mares, Radu. 2004. Business and human rights: a compilation of documents: 94-96 Stationery Office. 2009. Any of Our Business? Human Rights and the Uk Private Sector First Report of Session 2009-10: Vol. 2 Oral and Written Evidence: House of Lords Paper 5-ii Session 2009-10: 71-75. Alston, Philip. 2005. Non-state actors and human rights. Collected courses of the Academy of European Law: 141-157. This report on The Global Compact was written and submitted by user Klaw to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Teaching Your Students How to Write a Sample of an Informative Essay For Grade

Teaching Your Students How to Write a Sample of an Informative Essay For GradeYou can help your students when they want to work on a sample of an informative essay for a grade. Most of them are willing to do this, and so long as you're teaching the right lesson at the right time, they will come up with great answers for you.First of all, you need to teach your students some good research skills. Many students get a lot of data from the Internet, but it is often limited to the hard facts.Some students also have some good research skills but just don't know how to use that information in the proper way. Here's a sample of an informative essay for grade where you can help your students develop good research skills. They are already interested in doing research and have had the experience of getting some data, but they may need some more guidance on how to use that data for something useful.The first part of the course is the review. Your students are now ready to take on the challenge o f finding information. Help them find some good sources and give them examples of how they can go about going about finding information. You can be creative here, but try to stick to the facts.Next, try to get them to write about one article they found that was a good source of information. Let them decide which one, and then share with them what kind of details they can include about that source. Then, you can help them to do detailed research by using the same source.By now, they will probably be finding several sources of information that are valid sources of information, and they will want to see which ones are best for them. One way to help them decide which sources are good sources of information is to list the different categories of sources that are helpful. Then, you can ask them to decide which category they want to research.Finally, help them develop the important ideas that are most likely to be needed. If they are not able to come up with any ideas, ask them to use diff erent resources for ideas. Here's a sample of an informative essay for grade where you can help your students write about an idea for a topic that is presented in class.The important thing is to give them a sample of an informative essay for grade where they can practice coming up with the most persuasive essay. By helping them with good research, and a good idea of how to go about writing an informative essay for a grade, you can help them develop an important skill that they will be able to use every day.