UN readies for its biggestever gathering on corporate citizenship

More than 700 business leaders and hundreds of top representatives from government, labour and civil society are expected to attend the Global Compact Leaders Summit in Geneva in July, which will be the largest ever gathering convened by the United Nations on the issue of corporate citizenship.Secretary-General Ban Ki-moon told a meeting yesterday in New York of the Global Compact Board, a panel of 20 leaders from business, civil society and labour which he chairs, that the two-day summit “will be instrumental in bringing our joint vision for the future cooperation between business, the UN, governments, civil society and labour to full scale.”Created by Mr. Ban’s predecessor, Kofi Annan, in 1999, the Global Compact is an initiative that tries to advance 10 principles of good corporate citizenship and responsible globalization in such areas as combating corruption, safeguarding the environment, ensuring social inclusion and building markets.Thousands of companies around the world, as well as labour and civil society groups, are now part of the Compact, which is an entirely voluntary initiative.In his opening remarks to yesterday’s meeting, the Board’s second, Mr. Ban stressed to members that they will play a key role in guiding the body’s efforts towards promoting peace, human rights and development.Mr. Ban appointed Sir Mark Moody-Stuart, Chairman of the Foundation for the Global Compact, and Talal Abu-Ghazaleh, Chairman and Chief Executive of the Talal Abu-Ghazaleh Organization in Egypt, as co-chairs who can conduct the Board’s business and chair meetings during his absence.The meeting heard details of preparations for the Geneva leaders’ summit, which is open only to senior executives of Global Compact participants in good standing. The Board also decided that any Global Compact participants listed as “inactive” for one year or more should be removed entirely from its database. 5 April 2007More than 700 business leaders and hundreds of top representatives from government, labour and civil society are expected to attend the Global Compact Leaders Summit in Geneva in July, which will be the largest ever gathering convened by the United Nations on the issue of corporate citizenship. read more

Big oil welcomes new sexy relationship with Iran in Swiss Alps

first_imgTHE CEO OF one of Europe’s largest oil company says that Iran expects embargoes against them to be lifted in the next 12 months, describing the country’s relationship with western oil majors as ‘more sexy than before’.Speaking to Bloomberg Television in Davos, Total CEO Christophe De Margerie says that he and other oil CEOs met with Iranian President Hassan Rouhani during the World Economic Forum’s and the mood was one of expectation that the embargo would be lifted.Trade embargoes placed against Iran have stopped oil companies processing Iranian crude oil and dampened Iranian exports, hurting the country’s economy.But De Margerie says that Rouhani has told oil companies to ‘be ready’ for the lifting of embargoes: Rouhani’s presence at the Davos meeting was one of the talked about invitations ahead of the event. His direct message that Iran is open for business and his insistence that Iran is sincere in its desire for a new relationship based on mutual trust and a rebuilding of economic has caused much discussion.Israeli Prime Minister Benjamin Netanyahu, also speaking at the prestigious gathering, warned the West not to take the media-friendly Iranian’s offer at face value, insisting there was no concrete evidence of any fundamental change in the nature of the Islamic regime.“Hassan Rouhani can say something but it doesn’t make it real,” Netanyahu said. “It’s false.”He said the Iranian president’s claim that Tehran wanted to promote stability and security in the Middle East had “no connection with what is going on on the ground,” notably in Syria, where he said Iranian Revolutionary Guards and its Hezbollah allies were fighting and killing alongside government forces.- AFP provided additional reporting Read: British exit from EU wouldn’t give Taoiseach a headache >Read: ‘Many leave to get experience’ – Taoiseach talks emigration in Davos > So the message was, as usual, we have plenty of oil, we have plenty of gas, we need your management skills, we need your technology, he said, we don’t’ really need your money, we will see.  What he said and what he said is that we would like you to come back in our country which is prepared to offer you new terms, new contractual terms, more…sexy then before.last_img read more