Corporate and Financial Leadership
Chapter 5: Global governance
Global governance advances societies by enhancing social responsibility in market systems and improving governmental efficiency. CSR becomes a feature of global governance when corporations provide social welfare, but also when CSR offers a multi-stakeholder conflict resolution means in public private partnerships (PPPs). Governments foster corporate social service provision, as this flexible, soft-law approach benefits from comparatively low resistance. Under the lead of international organizations, the contributions of CSR to global governance have primarily been institutionalized by the UN Global Compact (UNGC). The United Nations Global Alliance for Information and Communication Technologies and Development (UN GAID) is a global governance PPP.
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