Global Compact Network India worked on a Project Proposaltitled ‘Strengthen Ethical and Transparent Corporate Governance Practices and Further Responsible Development’which was submitted to the Foreign and Commonwealth Office’s Prosperity Fund India Programme disbursed by the British High Commission. As the news goes to press we are happy to inform that Global Compact Network India won the Bid for the Project and work in earnest on it will commence from July 2013.
This Project is part of a wider goal of mainstreaming Anticorruption Collective Action in the development agenda of India. At GCNI this work began with Siemens Integrity Initiative supporting the Collective Action Project from January 2011, and with this Ethical Corporate Governance project coming in the agenda has gotten further strengthened.
The purpose of this new project is to build a national collective action platform for responsible and sustainable development through informed partnerships with the business community, bureaucrats, civil society and parliamentarians. This will be done by facilitating constructive dialogue and bridging the gap in knowledge of how public and private businesses can engage with government, and set a collective agenda.
Indian businesses are already witnessing a rise in ethical and transparent governance practices. The proposed Project will further strengthen this initiative by bringing together senior stakeholders, in business and bureaucracy, to take forward the collective agenda of transparency and responsible development forward.A tangible output will be that atleast 8-10 companies based in India will sign the United Nations “Call for Action: Anti-corruption and the post-2015 Development Agenda”