The Global Compact at 10: Holding Ourselves Accountable

A Global Leadership Series Conference
Presented by the Yale World Fellows Program

May 28, 2010 - Albert Long Hall, Boğaziçi University - Istanbul, Turkey

The year 2010 marked the tenth anniversary of the launch of the Global Compact, the United Nations-led initiative on corporate citizenship and responsible business. This conference examined how the Global Compact has contributed to progress in these areas over the last decade as well as how it might play a continuing role given the significant challenges that remain. Prominent business executives, policy makers, and academics discussed current practices in responsible business, lessons learned from the Global Compact, and a way forward for the next generation of business leaders.


Conference summary

Opening Remarks:

  • Kadri Özçaldıran, Rector, Boğaziçi University
  • Linda Lorimer, Vice President & Secretary, Yale University
  • Michael Cappello, Director, Yale World Fellows Program

Keynote Address

  • Howard Dean, former Chairman, Democratic National Committee (USA); Lecturer, Yale University

Session I: Why the Compact?

Panelists examine the role and rationale of the UN Global Compact in advancing compliance-based corporate ethics, workplace standards, and environmental sustainability.

Moderator: Oya Ünlü Kizil, Director, Corporate Communications, Koç Holding (Yale World Fellow)

  • Ali Koç, President of Corporate Communications and IT, Koç Holding
  • Yilmaz Argüden, Founding Chairman of ARGE Consulting
  • Shahid Najam, UN Resident Coordinator, Turkey

Session II: Compliance and Business Ethics

The rapid development of rules of corporate governance around the world is prompting companies to devise mechanisms to protect their reputations and the interests of their shareholders. Increasingly, their internal controls extend to a range of ethics and integrity issues, and a growing number of investment managers are looking to these controls as evidence that the companies undertake good business practice and are well managed.

Interlocutor: Wolfgang Proissl, Visiting Scholar, Breugel (Yale World Fellow)

  • Hüseyin Gelis, CEO, Siemens A.Ş.

Session III: Toward a Better Workplace?

The four labor principles of the Global Compact are taken from the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work. This Declaration was adopted in 1998 by the International Labour Conference, a yearly tripartite meeting that brings together governments, employers and workers from 177 countries. The labor principles deal with fundamental principles in the workplace. The challenge for business is to take these universally accepted values and apply them at the company level.

Moderator: Ali Hakan Altinay, Senior Fellow, The Brookings Institution (Yale World Fellow)

  • Gonca Gursoy Artunkal, Member of WWHR - Women for Women’s Human Rights - New Ways
  • Massimo Lapucci, Investment Director, Sintonia S.A. (Yale World Fellow)

  • Diana Tsui, Director, Corporate Social Responsibility, KPMG China (Yale World Fellow)

Session IV: Environment: Marrying Sustainability and Competitiveness?

The world is today facing unique and daunting environmental challenges. In recent years, increasing numbers of companies have adopted broad-based strategies and policies to manage the widening array of risks, and in some cases opportunities, presented by these environmental challenges. The environmental principles of the Global Compact provide an entry point for business to address the key environmental challenges. In particular, the principles direct activity to areas such as research, innovation, cooperation, education, and self-regulation that can positively address the significant environmental degradation and damage to the planet’s life support systems, brought on by human activity.

Moderator: Mehmet Daimagüler, Founder & Partner, Active Value Investors (Yale World Fellow)

  • Bryan Garcia, Program Director, Yale Center for Business and the Environment
  • Galya Molinas, Business Unit President for Turkey, Coca Cola
  • Sibel Sezer, Regional Director for Turkey and the Black Sea Region, Regional Environmental Center

Conference Sponsors

Koc

Coca-Cola

Siemens

Other support provided by

Bogazici UNDP