Advancing Values in Business – The Case of Integrity

Hosted by Global Compact Network Germany

For public institutions, the private sector and civil society, corruption poses one of the most pressing challenges of our time. Resources are misallocated and competition is distorted. It hinders innovation and development at the national level but also within individual businesses. Corruption cripples economies and promotes political instability as well as poverty, especially in developing countries. There is broad consensus on the multitude of negative effects of corruption. As a result, the will to vigorously fight corruption is increasing globally. As corruption reaches into and affects all sectors of society, collective action has proven to be an effective concept for addressing this multifaceted problem.

Collective action as defined by the World Bank Institute is a “collaborative and sustained process of cooperation among stakeholders that increases the impact and credibility of individual action, brings vulnerable individual players into an alliance of like-minded organizations and levels the playing field between competitors”.

Designed as a multi-stakeholder initiative, the UN Global Compact (UNGC) strongly supports collective action activities to enhance integrity in business conduct. The UN Global Compact and its local networks contribute to the fight against corruption by providing a platform for learning and dialogue and by offering guidance to companies on how to implement the tenth Global Compact principle (anti-corruption).

This workshop will explore the possibilities and challenges of collective action in the fight against corruption. It will showcase examples and outline the possible roles of various stakeholders in this context. The panel will feature experts from business and civil society as well as international journalists. The German Global Compact Network will facilitate the discussion with the audience.

Moderation:

Reimer, Jule
Journalist, Deutschlandfunk, Cologne, Germany

Panelists:

Konar, Debashis
Principal Correspondent, The Times of India, Calkutta, India

Moosmayer, Dr. Klaus
Chief Counsel Compliance, Siemens AG, Munich, Germany

Taparia, Sachin
Chairman and Managing Director, LocalCircles, Noida, India

von Hauenschild, Casper
Board Member, Transparency International, Munich, Germany

Complete session on soundcloud:

WS16 - Advancing Values in Business - The Case of Integrity