Mr. Michael Mortimore, Chief, Investment and Corporate Strategies, ECLAC, Santiago, Chile

Push factors relate to economic environments in the home country as well as corporate strategies that encourage firms to go abroad.

Other important issues included Corporate Social Responsibility and a development oriented coherence between national development strategies and decisions emanating from international financial institutions.

The Global Compact advocates that corporate strategies and operations be rooted in core values in the areas of human rights, labour standards, the environment and anti corruption.

Grundsatzkommission Corporate Governance (German Panel for Corporate Governance) (2000). Corporate Governance Rules for German Quoted Companies.

(c) The effect of tax legislation, the incidence of which is often the reason for the formation and subsequent growth of a corporate group and the adoption of strategies within the group

Statement on Global Corporate Governance Principles. International Corporate Governance Network.

Revised Statement on Global Corporate Governance Principles. International Corporate Governance Network.

Finance Committee on Corporate Governance (2000). Malaysian Code on Corporate Governance.

Corporate Governance Committee (2004). The Belgian Code on Corporate Governance ('Lippens Code')

Committee on Corporate Governance (1999). Code of Best Practice for Corporate Governance.

Corporate strategy

Corporate responsibility

Understanding the specificities of the social and economic conditions of host countries and addressing social and economic concerns was crucial for corporate investment strategies, not only from an ethical perspective but also, and more importantly so, from a long term business perspective, since the long term maximization of shareholder value included matters related to corporate economic responsibility.

Corporate leaders realized that economic incentives accrued from being a good corporate citizen.

In the ensuing discussion, questions were raised about the role of incentives and the need to align positive corporate contributions with national development strategies in the interest of safeguarding the development opportunities of the local economy.

Committee on Corporate Governance (1997). Corporate Governance in the Netherlands Forty Recommendations (Peters Code).

European Corporate Governance Institute. (In particular, see index of corporate governance codes by country.

Corporate specific reasons.

Considering that conformity to high standards and norms, including the increasing stringent environmental and social standards, can offer enhanced market access, SMEs were supported in understanding and responding to the corporate social responsibility (CSR) strategies of large corporations.

Government Commission on the German Corporate Governance Code (2005). The German Corporate Governance Code ('Cromme Code')

JPK Working Group I on Corporate Governance in Malaysia (2000). Report on Corporate Governance in Malaysia.

The Secret Corporate Takeover

The Corporate Tax Conundrum

Whose Corporate Social Responsibility?

Operationalizing the corporate strategy

Corporate and income tax

In developing countries SMEs require support in understanding, and responding to, the corporate social responsibility (CSR) strategies of large corporations, in order to be able to participate in global value chains and thereby enjoy the benefits of international trade.

In the ensuing discussion, questions were raised regarding the precise definitions of general terms such as corporate responsibility , corporate social responsibility and positive corporate contribution , and regarding the notion of a corporate responsibility for development, as well as UNCTAD's mandate in this regard.

Instituto Brasileiro de Governança Corporativa (Brazilian Institute of Corporate Governance) (2001). Code of Best Practice of Corporate Governance.

General Motors Board of Directors (2000). GM Board of Directors Corporate Governance Guidelines on Significant Corporate Governance Issues.

Corporate strategy Vision 2006 2007

What Corporate Tax for Europe?

Expert Meeting on Positive Corporate

Commonwealth Association of Corporate Governance.

(b) Developing national sustainable development strategies, including nationally owned poverty reduction strategies and sectoral policies and strategies

Savings must be channeled to firms that need capital for innovation and sustainable job creation. Today, however, the quality of corporate governance frameworks worldwide is challenged by the growing complexity of investment chains and the dominance of passive and short term investment strategies.

(5) Corporate governance and its status

Quick example from the corporate world.

Compassion takes on a corporate dynamic.

The UNIDO corporate strategy states that

Internal audit and corporate risk management

(l) Forest ethics and corporate responsibility

Euroshareholders (2000). Euroshareholders Corporate Governance Guidelines.

Corporate Governance in Europe, KPMG Survey.