Powered By Blogger

Monday, April 24, 2017

2017 Global Forum on Responsible Business Conduct

The 2017 Global Forum on Responsible Business Conduct will be held on 29-30 June 2017 at the OECD headquarters in Paris
The Global Forum brings together stakeholders from business, trade unions, civil society and academia to debate key global social and economic challenges related to responsible business conduct.

Tears and Laughter: Is Golden Dragon Copper tarnished?

[Background: In September 2012, I was taken to see the site of the new Golden Dragon factory by the Mayor of Thomasville, Alabama. The ground had just been broken, so there was not yet much to see, but the story looked a promising one: a locality with a rural unemployment problem and a caring town government was about to host a production facility that would provide lots of jobs. Unfortunately, it seems Golden Dragon pursued employment, safety and other management practices more akin to those in China, with the result that there were fewer jobs than expected, at lower wages, and the factory has therefore been plagued with high labor turnover and low profitability. The sad thing is that these troubles could have been avoided if the management had chosen to seek advice on how to develop a profitable commercial strategy along with a multi-faceted, properly monitored set of responsible business conduct policies that would not only have complied with the law but would also have met the expectations of the community in which the company had chosen to establish its operations. Other companies considering greenfield investments of this kind would be well advised to take note.]