ABSTRACT
The global compact was first proposed by the United Nation (UN) Secretary-General at the World Economic Forum in Davos, in 1999. The Compact involves all relevant actors: governments, companies, labour, civil-society organisations and the UNs. The leadership engagement mechanism represents a company’s entry point and overall commitment to the Global Compact principles. The overall objective of the Global Compact ‘Policy Dialogues’ is to create a platform that facilitates mutual understanding and joint efforts among business, labour and non-governmental organisations in solving key challenges of globalisation, working with governments and the UN. The biggest challenge that the Compact faces at the macro level will be to decisively either affect or counteract the way the story of globalisation plays out on the world stage. The Compact must clearly position itself as a player that works towards more effective governance at the global and national levels.
