The Rosett Report

Be Afraid... It's Called the UN Global Compact

When government buddies up with big business, it’s time to start worrying. All the more so when it’s the unaccountable UN wooing corporate executives (and corporate cash).

From the same Kofi Annan brain shop that ran Oil-for-Food, comes the UN “Global Compact,” a UN corporate-networking “initiative” inherited by Secretary-General Ban Ki-moon. This a UN operation that aspires to set the standards for corporate governance around the globe, but doesn’t mind taking cash contributions from the companies it is supposed to be guiding. And kickbacks allegedly paid to UN officials, or Saddam Hussein, or whomever, are apparently no bar to membership. Here’s what turned up when I took a look at the UN Global Compact.