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In learning unit 2 - corporate governance, you are referred to the 10 principles of the UN Global Compact.The statement that businesses should work against corruption in all its forms, including extortion and bribery, is one of the 10 principles of the UN Global Compact

Question

In learning unit 2 - corporate governance, you are referred to the 10 principles of the UN Global Compact.The statement that businesses should work against corruption in all its forms, including extortion and bribery, is one of the 10 principles of the UN Global Compact

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Solution

Yes, your statement is correct. The tenth principle of the UN Global Compact states that businesses should work against corruption in all its forms, including extortion and bribery. This principle emphasizes the importance of ethical business practices and the role of businesses in promoting transparency and combating corruption.

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There are ten principles of the UN Global Compact that serve as guidelines for international firms doing business in the least developed countries.Which of the following is one of these principles?a.)Ensure companies are not complicit in human rights abuses.b.)Avoid child labor if it violates the laws of the foreign country.c.)Avoid extortion and bribery unless it supports the common good.d.)Prevent collective bargaining unless the foreign country requires it.

The core principles of the United Nations Global Compact include:  A. Human rights, labor, environment, and anti-corruption  B. Trade liberalization, investment, and economic growth  C. Poverty eradication, healthcare, and education  D. Diplomacy, peacekeeping, and disarmament

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Ethics are the ____________ that are essential in the design and implementation of corporate governance.a.accountabilityb.examplesc.regulationsd.guidelines

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