Posts Tagged ‘ human rights ’

Dealing with Despots

Each day, the Globe and Mail – one of Canada’s national newspapers – runs a reader poll on a “hot topic.”  Today, in light of current events in Libya and elsewhere, the poll, under the heading “Dealing with Despots,” asks readers, “What is the most important duty for a Canadian business operating in an authoritarian country?” and provides the following response options:

  • To keep corrupt elites from looting revenues owed to locals
  • To protest when human rights abuses are detected
  • To provide local development to workers and communities
  • To insist on democracy development
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    The very structure of the response options reveals one of the most egregious and persistent misperceptions of corporate responsibility: that it’s fundamentally an “OR” decision, that we can either make money and protect our investment or we can fight corruption, protect human rights, promote democracy, and provide community benefits, implying that these actions do not contribute to return on investment.

    In fact, taking a proactive stance on issues of corruption, human rights, community development, and governance can help to establish a more stable government and regulatory regime, build social capital among affected stakeholders, and secure a licence to operate, all enhancing the likelihood of protecting the original corporate investment and achieving a positive ROI. Click here to read more about the poll and its results

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