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Article

12 Jun 2009

Author:
Paul Hohnen, Ethical Corporation [UK]

A new global architecture for corporate responsibility

While the financial crisis has prompted soul searching about what is an appropriate level of government oversight of business, concerns about rebuilding trust and stability, creating a level standards playing field, and the need to better harness the power of business to address sustainable development issues are closely intertwined…This month, members of the…Organisation for Economic Cooperation and Development (OECD) will consider an “Inventory of Possible Policy Instruments”. This…document is nothing less than a menu of existing economic and social instruments that may be used as building blocks in the development of a “Global Charter”. [The paper reflects] inputs from the ILO, IMF, OECD, World Bank and WTO…