Companies today are facing multiple challenges that go beyond the traditional objectives of running a profitable business, serving shareholder interests, meeting the needs of consumers and providing a fair wage and good working conditions for employees. Increasingly, companies are responding to these challenges by means of explicit business principles that set out their commitment to act as responsible members of society in the way they conduct business. When establishing these principles- whether formally expressed or an unwritten part of the corporate culture- companies need above all to maintain a balance between economic responsibilities to customers, employees and shareholders and their responsibilities as global citizens and members of the local communities in which they operate. Above all, business must demonstrate that global economic development is the best way to increase prosperity within and among countries and create opportunities for millions of people, especially in the developing world, to secure a decent life for themselves and their children. Companies must also establish their credentials of good corporate citizenship by applying their own principles of corporate conduct. More and more companies understand that in order to prosper they need to respond to society’s expectations by developing responsible business policies that integrate economic, social and environmental aspects.
Today government-business relations are put into a context in which both sides are embedded in webs of stakeholders- the firms with strategic alliance partners, among other stakeholders and the governments in regional blocs as well as with sub-national jurisdictions and pressure groups. Decision-making by both national governments and multinational companies now must take into account these added complexities to pursue their goals. When interacting with governments around the world, companies are called upon to raise host governments’ awareness of their capabilities, priorities and concerns. Enterprises are also encouraged to co-operate with governments in the development and implementation of policies and laws.
GlobalGovAffairs.com provides a unique platform where companies are able to present their strategic and sustainable approaches to corporate-government relationship management around the world. Constantly interacting with different levels of government in any country and making effective adjustments in business strategies in responding to changing government policies is the most critical factor in relationship management. Skills and experience are important in establishing good government relationships but the fundamental issue lies in enterprises’ social responsibilities.
GlobalGovAffairs.com provides enhanced visibility for companies vis-à-vis governments around the world, governmental agencies, policymakers and regulators, media, academics and the public at large.
GlobalGovAffairs.com is a vehicle through which companies have the opportunity to inform public policy discussions around the world. On subjects ranging from energy and healthcare to tax and trade, companies are able to enhance dialogue on the critical public policy challenges of today and provide solutions to many of the world’s biggest challenges. Tackling the world’s biggest problems will only be possible if governments and industry work together as partners.
GlobalGovAffairs.com provides a comprehensive, coherent forum with which to drive the subject of Global Government Affairs forward by publishing authoritative, peer-reviewed articles as well as news, debates, interviews, literature reviews, case studies and special features. It provides an international forum where practitioners, academic researchers, consultants, students, governments and the wider public can debate these issues and learn about best practice.
Globalgovaffairs is a toolbox companies can use to engage with governments — globally, nationally and locally — through constructive dialogue, the promotion of innovative public policy ideas, the formation of novel public-private partnerships and investments in solutions that can help address the fundamental challenges that confront societies.