Australia to Host ICC WCF 10th World Chambers Congress

Following a competitive bidding and selection process, Sydney Business Chamber and New South Wales Business Chamber will host the International Chamber of Commerce World Chambers Federation (WCF) 10th World Chambers Congress, which will be returning to the Asia-Pacific region in 2017. WCF is a specialized division of ICC encompassing chambers of commerce from every region of the world.

Under the theme “Sydney: Where Business Connects,” the Australian chambers’ bid presented not only a vibrant city but also a global hub for business opportunities and a new convention centre that will host the future Congress. From exciting outdoor programs to intriguing session proposals, the Australian team successfully highlighted the chambers’ strengths and determination to bring the Congress forward.

“Our commitment to the International Chamber of Commerce’s World Chambers Federation’s mission has been unwavering. Australian chambers have attended every Congress since its inception,” said Stephen Cartwright, CEO of Sydney and New South Wales Business Chambers. “We are extremely excited to open our doors to our colleagues around the world for an unforgettable experience.”

The upcoming 9th World Chambers Congress will be held in Torino, Italy in June 2015. For more information visit the World Chambers Congress website.

Staff contact: Cindy Duncan

Unleashing the Potential of the World’s Informal Sector to Create Jobs and Tackle Poverty

In an Op-Ed for the Huffington Post, executive director of the Center for International Private Enterprise John Sullivan explains what reforms are necessary to bring informal sector workers into the legal economy. He cites Louise Kantrow, ICC’s permanent representative to the UN.

Unleashing the Potential of the World’s Informal Sector to Create Jobs and Tackle Poverty 

 

USCIB Foundation Weighs Impact of Artificial Intelligence on Human Jobs

world map on interfaceScience fiction is rife with farfetched stories about robots plotting to conquer the world – the physicist Steven Hawkings even recently suggested humans should colonize other planets in case robots surpass people – but fears of artificial intelligence displacing human labor in the workplace are much more realistic.

As part of the USCIB Foundation’s ongoing research of human capital requirements in the 21st century, the foundation published a report with the McGraw Hill Global Institute and the Center for Curriculum Redesign (CCR), titled “Hype vs. Reality: A Roundtable Discussion on the Impact of Technology and Artificial Intelligence on Employment,” which concludes that our educational system must change if we are to take advantage of the new jobs technology will create.

Published on October 21 and based on a roundtable held earlier this year in New York, the report is available for download on the USCIB Foundation website.

CCR Director Charles Fadal observed that the educational systems of the United States and many other advanced economies were designed with the needs of a 19th century, largely industrial workforce in mind. In order to address the needs of a more technologically advanced workplace, the older curriculums would need to give way to new systems that foster greater creativity, critical thinking and collaboration.

It is likely that as the pace of technological innovation increases, more jobs will be completed more quickly and efficiently by machines. But as the report notes, “it is just as likely that truly creative intelligence tasks, social intelligence tasks, and those mechanical tasks involving sophisticated perception and manipulation will still require – at the very least – human oversight, if not substantial human involvement.” The report adds, “just as it has in the past, technology will eliminate some jobs for human beings while creating the conditions for the emergence of others.”

But in order to equip the workforce with the knowledge and skills needed for a new labor landscape in which robots perform jobs traditionally done by humans, today’s education curriculum must undergo a major redesign. Above all, the report notes that the educational system must teach students to be adaptable, “precisely because we cannot predict what technologies will be ascendant in the future, we have to teach ourselves and our children to be versatile.”

Staff contact: Abby Shapiro

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IOE Unveils First Policy Brief on Womens Economic Empowerment

women workplaceGender equality is a key business priority. The International Organization of Employers (IOE) commits to tackling gender discrimination in the workplace; to promoting access to equal education, training and career opportunities; to encouraging women entrepreneurs and entrepreneurship; and to contributing to the global effort to increase the participation and integration of women in the workforce.

To this end, the IOE secretariat has worked with member organizations and partners to produce its first Policy Brief on Women’s Empowerment.

“Issues surrounding women’s economic empowerment affect countries at every level of development and every company,” said Ronnie Goldberg, USCIB’s senior counsel who was involved with IOE policy brief. “USCIB welcomes this IOE initiative, which promises additional platforms for advocacy, exchange of best practice and demonstration of the commitment of business to ensuring workplace equality.”

In further activity to intensify the IOE’s work in this area, representatives of the IOE secretariat and 29 member federations joined other specialists from the World Bank, Deloitte, the Centre for International Private Enterprises (CIPE) and the International Labor Organization at a conference organized by the ILO Training Center in Turin entitled Employers’ Organizations and Women Entrepreneurs: How to reach out. The event took stock of the achievements of employers’ organizations in supporting female entrepreneurs.

Staff contact: Ronnie Goldberg

USCIB Reinforces Business Commitment to Human Rights at UN Forum

UN GenevaThe United Nations Forum on Business and Human rights was larger than ever this year, drawing over 2,000 registered participants. USCIB attended the forum, which took place from December 1 to 3 in Geneva along with representatives from USCIB’s global network, including the International Chamber of Commerce (ICC) and the International Organization of Employers (IOE).

The global event focused on strengthening multistakeholder dialogue and engagement, discussing national action plans to implement the UN Guiding Principles on Business and Human Rights, exploring access to effective remedy and identifying current and good practice.

USCIB co-organized and co-hosted a business-only side event along with the ICC and IOE and several other global business associations on December 1 with close to 100 business representatives, during which business views were garnered on progress and challenges relating to corporate respect for human rights. Overall business attendance at the event was up from previous years and was estimated to be between 10-20 percent of all attendees.

Attendees agreed that the Forum’s atmosphere improved over previous years and was very conducive to constructive dialogue between the stakeholders. The quality of the dialogue was no doubt influenced by the chair of the Forum, Sudanese businessman Mo Ibrahim, who bucked traditional UN protocol in favor of a more collegial and engaging atmosphere, referring to participants as “brothers and sisters,” rather than relying on the traditional honorifics.

A primary area of interest to business and other stakeholders was governments’ progress in creating National Action Plans (NAPs) to implement the UN Guiding Principles on Business and Human Rights. Countries that have submitted NAPs thus far include the UK, the Netherlands, Italy, Denmark and Spain, while the United States, Colombia, Finland and Switzerland are in the process of developing theirs. The IOE has prepared a synopsis of the completed NAPs.

USCIB will co-host an open consultation about the U.S. NAP along with NYU Stern Center for Business and Human Rights on December 15, which will engage representatives from the United States government on their plans for the U.S. NAP.

Another focus of the discussions was on the question of access to remedy, ranging from the current practices of companies to provide non-judicial, operational grievance mechanisms, and emerging legislative efforts by governments to influence the conduct of their companies operating extraterritorially.

Ariel Meyerstein, USCIB’s vice president for labor affairs, corporate responsibility and governance, spoke at a panel on “Identifying options for international coordination and regulation to overcome challenges in access to remedy,” which involved NGOs as well as a Dutch national prosecutor and a former Canadian Supreme Court justice. The dialogue explored the wide array of existing legal frameworks for addressing issues like corruption as well as the deficiencies in these approaches, which rely on prosecutors and courts from different countries to support one another with legal assistance and sharing of information.

Another aspect of access to remedy that featured prominently at the Forum was the intergovernmental working group to be established in 2015 to explore the creation of a binding international instrument on transnational corporations and human rights. This initiative, spearheaded by Ecuador, was the focus of an IOE side event during the forum, in which IOE Secretary General Brent Wilton called on business to show results with respect to human rights to pre-empt other actors from giving their own take and detracting from the momentum behind the UN Guiding Principles on Business and Human Rights, which the business community actively supports.

“We have to continue to proactively and constructively promote the implementation of the UN Guiding Principles,” said Wilton, reminding participants that existing mechanisms to address human rights should not be undermined.

Staff contact: Ariel Meyerstein

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Washington Update: October – November 2014

The USCIB Washington Office has been especially busy in the last two months hosting an inaugural OECD/USCIB/BIAC Trade and Investment Conference and the USCIB Annual International Leadership Award Dinner, which occurred for the first time in Washington, DC. Ambassador Michael Froman (USTR) spoke at both of those events, and the dinner also featured remarks by the honoree WTO Director General Roberto Azevedo, as well as U.S. Customs and Border Protection Commissioner Gil Kerlikowske and Congressman Peter Roskam (IL-6), among others. These events took place between travel to Korea, France, the UK, Belgium, Switzerland, Austria and China; meetings with representatives of the B20/G20 from the U.S., Australia and Turkey, as well as with Ambassador Daniel Sepulveda of the State Department, Bob Stack of Treasury, Ed Brzytwa, Director of APEC Affairs at the United States Trade Representative, and Anne Carblanc of the OECD; and presentations at the Inter-American Development Bank, the World Investment Forum, the UN Committee of Tax Experts, and the APEC Leaders’ Summit.

Download the full update.

New IOE Position Paper Unpacks Thorny Labor Migration Challenges

IOE Position Paper: International Labor Migration
IOE Position Paper: International Labor Migration

Sometimes described as the “unfinished business of globalization,” labor migration raises complex and sensitive political, human rights, economic and social concerns, as well as an array of legal and regulatory challenges. Migration accordingly occupies a prominent place on both national and multilateral policy agendas and in public discourse.

Against this backdrop the International Organization of Employers (IOE) has created a policy working group on international labor migration, chaired by USCIB’s senior counsel Ronnie Goldberg, charged with establishing the IOE position in the debate and with providing guidance to members and companies.

This policy working group recently issued a position paper which focuses on several aspects of international labor migration of immediate and practical concern to business.

“Labor migration, particularly the movement of highly skilled personnel and intra-company transfers, are key issues for USCIB companies,” said Goldberg. “Through IOE, we have s seat at the table and an opportunity to make our case in the many international bodies discussing this issue.”

In developed countries competition is increasing to recruit skilled immigrants to meet shortages in key industries. Employers are working with governments and other social partners to identify where skills shortages exist and proposing measures to rectify the situation.

Staff contact: Ronnie Goldberg

More on USCIB’s Labor and Employment Committee

New OECD Report Will Help Fight Transnational Bribery

scalesToday, the Organization for Economic Cooperation and Development launched its Foreign Bribery Report in Paris. The report presents an analysis of foreign bribery cases that have been concluded since 1999, and it is intended to help combat transnational corruption.

The launch event included an opening address by OECD Secretary General Angel Gurría, an address by French Minister of Justice Christiane Taubira, and a panel discussion with experts, including, GE Senior Vice President, Secretary and General Counsel Brackett B. Denniston, U.S. Department of Justice Assistant Attorney General Leslie R. Caldwell, chair of Transparency International José Carlos Ugaz, and Siemens Chief Compliance Officer Klaus Moosmayer, who is also the chair of the Business and Industry Advisory Committee (BIAC) Task Force on Anti-Corruption/Bribery.

Shaun Donnelly, vice president of investment and financial services at USCIB, as well as Kimberley Claman, senior vice president of international government affairs at Citi, represented USCIB at this event. They were joined by Hanni Rosenbaum, senior policy director at BIAC, who leads their anti-bribery effort.

The report provides an analysis of 427 foreign bribery cases that have been concluded since the entry into force of the OECD Anti-Bribery Convention in 1999. Key findings include that 53 percent of cases involved corporate management or CEOs, one in three cases were instigated by self-reporting (versus only two percent of cases by whistleblowers), 57 percent of cases involved bribes to obtain public procurement contracts, a staggering 75 percent of cases involved payments through intermediaries, and 69 percent of cases were settled with sanctions.

The various speakers all noted the groundbreaking importance of the report, however also emphasized that understanding the problem is only part of the solution. Addressing this point, the report concludes with Next Steps, including a list of ideas for future work, such as annual updates, a public database, further study of SOEs, or additional study of the demand side of bribery, a point Secretary General Gurria also noted in his comments.

This OECD report presents an important step forward in the OECD’s anti-bribery work surrounding the Convention.

Staff contacts: Shaun Donnelly and Eva Hampl

Public Consultation on the OECD Corporate Governance Principles

The OECD Corporate Governance Principles are intended to assist governments and regulators in their efforts to evaluate and improve the legal, regulatory and institutional framework for corporate governance and provide guidance for stock exchanges, investors, corporations and others to foster good corporate governance. The objective of the OECD Principles is to contribute to economic efficiency, sustainable growth and financial stability.

The principles are currently being reviewed to ensure their continuing relevance and usefulness, and to take into account recent developments in the corporate sector and capital markets. After detailed discussion on the revised draft at the October OECD corporate governance meeting, on which the Business and Industry Advisory Committee (BIAC) to the OECD submitted comments, the OECD is currently inviting public comments on the latest draft text. Based on the outcome of the public consultation, a revised draft will be discussed at the next OECD Committee meeting in February 2015. BIAC will continue to contribute all along the process, both during the public consultation and in the discussions at committee level.

Staff contact: Ariel Meyerstein

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