13.07.2015 Views

Doing Business with the World - Mapeo de Promotores de RSE

Doing Business with the World - Mapeo de Promotores de RSE

Doing Business with the World - Mapeo de Promotores de RSE

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

How businesscan contributeLarge corporations are required tocomply <strong>with</strong> <strong>the</strong> legislation in <strong>the</strong>jurisdictions <strong>with</strong>in which <strong>the</strong>yoperate. At <strong>the</strong> same time, goodgovernance in <strong>the</strong> management oflarge corporations is fundamental to<strong>the</strong>ir business and <strong>the</strong>ir success.Large corporations can, whereappropriate, engage <strong>with</strong> <strong>de</strong>velopingcountry governments, localcompanies and communities to helpshape <strong>the</strong> framework conditions inwhich <strong>the</strong>y operate. Largecorporations can engage <strong>with</strong>governments and assist <strong>the</strong>m tointegrate principles of goodgovernance <strong>with</strong>in <strong>the</strong>ir policies andoperations. Opportunities exist forlarge corporations to provi<strong>de</strong> and/orfund training in governancemechanisms, including rule of lawinstruction, or training for lawyers,judges and members of <strong>the</strong> judiciary,for example. Similarly, largecorporations can assist through <strong>the</strong>provision of financial and accountingtraining for bureaucrats an<strong>de</strong>ntrepreneurs. Training in <strong>the</strong>principles of financial andmanagement auditing would also helpto build governance capacity.Large corporations can provi<strong>de</strong>information technology, systems andtraining to automate many of <strong>the</strong>administrative procedures and soovercome <strong>the</strong> practical and proceduralchallenges to good governance.Large corporations can also engage inbusiness initiatives aimed at improvinggovernance, such as <strong>the</strong> ExtractiveIndustries Transparency Initiative (EITI)and <strong>the</strong> <strong>World</strong> Economic ForumPartnering Against CorruptionInitiative (PACI).At a more local level, corporations canengage <strong>with</strong> local companies –especially SMEs – to provi<strong>de</strong> trainingand assist <strong>the</strong>m to integrate <strong>the</strong>principles of good governance in <strong>the</strong>iroperations. Fur<strong>the</strong>r, <strong>the</strong>y are in aunique position to offer managementexpertise and train officers <strong>with</strong>in<strong>de</strong>veloping country corporations inglobal and/or corporate governancepractice.Large corporations could assistthrough <strong>the</strong> establishment of businessledforums in <strong>de</strong>veloping countries toprovi<strong>de</strong> business – including localcompanies and large foreigncorporations – <strong>with</strong> a voice in localaffairs and so contribute to improving<strong>the</strong> framework conditions <strong>with</strong>inwhich <strong>the</strong>y operate.Key messagesFor business, investing time andresources in good governance can: Lead to improved frameworkconditions, including sound taxationpolicies, investor protection, etc; Create greater transparency; Facilitate opportunities to engage<strong>with</strong> <strong>de</strong>veloping countrygovernments and provi<strong>de</strong>opportunities to contribute topolicy <strong>de</strong>sign; Enable business to root out corruptpractices, <strong>the</strong>reby making it easier toconduct business; Give rise to more stable operatingenvironments, and create greatersecurity and protection for <strong>the</strong>irstaff, assets and investments.For governments, an effectivepolicy framework to improvegovernance can: Create optimum enablingconditions for improved economicand human <strong>de</strong>velopment; Facilitate improved conditions for<strong>the</strong> <strong>de</strong>velopment of a market-base<strong>de</strong>conomy leading to greater levelsof private and institutionalinvestment; Lead to increased respect for<strong>the</strong> rule of law and help rootout corruption; Reduce <strong>the</strong> prevalence – and insome cases dominance – of <strong>the</strong>informal sector as a result ofgreater ease of doing business,<strong>the</strong>reby increasing tax revenues.31

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!