Ethical practice is the key to globalisation

first_imgEthical practice is the key to globalisationOn 30 Apr 2002 in Personnel Today Companiesmust embrace ethical practices if the globalisation movement is to succeed,delegates heard at last week’s annual conference of the Institute of Directorsin London.GeorgeCox, IoD director general, told delegates there needed to be a global spread ofhigher standards of corporate governance. Globalisation was needed indeveloping countries to bring investment and the transfer of skills, he added.RichardGreenhalgh, chairman of Unilever UK, argued that UK and European businesseshave a role in countering the assertion that globalisation is Americanisationby another name. “Globalisation involves active manage- ment, involving, aboveall, the business community,” he said.Theconference attracted hundreds of anti-globalisation protesters, particularly inresponse to the presence of former US Secretary of State, Henry Kissinger.Greenhalghsaid Unilever took its corporate social responsibility seriously throughinitiatives like the Global Compact, a group of 200 companies who pledged toprotect human rights, employment and the environment.Kissingersaid that today’s business leaders were better educated than ever but thelength of their contracts led to short-terminism. “The challenge is can we findforums in which we can address long-range problems,” Kissinger said.MalcolmBrinded, director of planning at Shell International admitted the company hadmade mistakes in the past. Brindedsaid Shell was investing heavily in sustainable development in countriesincluding Nigeria and the Philippines, using local staff and described theapproach as enlightened self interest.“Shell has introduced dismissal for staff who accept bribeseven in countries where corruption is endemic,” he said. Comments are closed. Related posts:No related photos. Previous Article Next Articlelast_img read more