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Article

17 Jan 2004

Author:
Alan Boyd, Asia Times

WEF [World Economic Forum]: Snail's pace on social issues

...a Global Governance Initiative (GGI) established in late 2002...has seven groups of experts analyzing how business can relate to the Millennium Summit issues of peace and security, poverty, hunger, education, health, environment and human rights...But are the boardrooms really listening? Probably not, according to the first annual review of GGI, released as part of Davos 2004...Executives of large corporations have also conceded during forum sessions that they have difficulty balancing the need for social responsibility with their paramount duty toward shareholders.