United Nations Global Compact Research Paper Example | Topics and Well Written Essays - 1000 words

United Nations world(prenominal) Compact - Research Paper representativeTwo principles which will be discussed in this memo ar principle 1 and 10 i.e. traffic with human rights as well as the corruption.Principle 1 of the Initiative basic everyy indicates that the firms should support and hold dear the internationally proclaimed human rights. Principle 10 however deals with the corruption and makes it important for the firms not to strike in any kind of corruption including bribery and extortion.1Considering the above principles, our firm therefore is willing to furnish its sincere recommendations and suggestions in this regard. We therefore propose that the corporate members of this local network group must pullulate a clear understanding of what are some of the expectations from members while following the initiative besides ensuring that all the firms comply with the regulations at various levels rather than ignoring them at one stage and complying with them on the other. T his would ensure that the principles are followed in their true spirit by all.Our firm strongly believes in these principles and has endeavored to inculcate them into our organizational grow in a manner that will ensure the compliance with all the principles. Our experience however, also suggests that the firms or partners whom we work with may not be in complete compliance with the principles outlined in Global Compact Initiative. As such it becomes our implied responsibility to ensure that all the stakeholders truly understand the relative meaning of these principles. Further, the business implications for compliance of these principles can be relatively difficult because companies cannot effectively influence their partners who may be involved in violation of any of the above principles. Our experience with our partners in countries like Bangladesh also indicates that our suppliers read into activities such as paying low wage rates, offering bribes to officials for getting appr ovals, having poor