Rasche, Andreas (2009) "A necessary supplement" : what the United Nations global compact is and is not. In: Buhmann, K. and Roseberry, L. and Morsing, M., (eds.) Corporate social and human rights responsibilities: global legal and management perspectives. Basingstoke, Hampshire: Palgrave Macmillan Ltd., pp. 52-76. ISBN 9780230230897

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Abstract

The United Nations Global Compact is with currently more than 6,000 voluntary participants the world's largest corporate citizenship initiative. This article first analyzes three critical allegations often made against the Compact by looking at the academic and nonacademic literature. (1) The Compact supports the capture of the United Nations by "big business." (2) Its 10 principles are vague and thus hard to implement. (3) The Compact is not accountable due to an absence of verification mechanisms. This article discusses these three allegations and argues that they rest on a misunderstanding of (a) the nature of the Compact as well as its mandate and (b) the goals it tries to achieve. From this discussion of what the Compact is not, the article then outlines a perspective that classifies the initiative as a necessary supplement to incomplete state and nonstate regulatory approaches in order to illustrate what the Compact is.

Item Type:	Book Item
Subjects:	H Social Sciences > HF Commerce
Divisions:	Faculty of Social Sciences > Warwick Business School > International Centre for Governance & Public Management Faculty of Social Sciences > Warwick Business School
Library of Congress Subject Headings (LCSH):	Global Compact, Social responsibility of business, Business networks
Journal or Publication Title:	Business & Society
Publisher:	Palgrave Macmillan Ltd.
Place of Publication:	Basingstoke, Hampshire
ISBN:	9780230230897
ISSN:	0007-6503
Book Title:	Corporate social and human rights responsibilities: global legal and management perspectives
Editor:	Buhmann, K. and Roseberry, L. and Morsing, M.
Date:	December 2009
Number:	Part I: Setting the Stage
Number of Pages:	25
Page Range:	pp. 52-76
Identification Number:	10.1177/0007650309332378
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access
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URI:	http://wrap.warwick.ac.uk/id/eprint/45183

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