Board Question of Principles of Business and Practice 2014

Babshai Niti of all business and organizational activities is the Act of getting people together to achieve goals and objectives desired by using resources efficiently. Babshai Niti comprises planning, organizing, staffing personnel, attack or to direct and control an organization (a group of one or more natural or legal persons) or effort to achieve a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources and natural resources.

Since organizations can be considered as systems, the Babshai Niti can also be defined as human action, including the design, in order to facilitate the production of useful results of a system. This perspective opens up the possibility to ‘manage’ oneself, a prerequisite to manage others.

Board Question of Principles of Business and Practice 2014

Board Question of Principles of Business and Practice 2014

The UNGPs came as a result of several decades of UN efforts to create global human rights standards for businesses. In the early 1970s, the United Nations Economic and Social Council requested that the Secretary General create a commission group to study the impact of transnational corporations (TNCs) on development processes and international relations.

Board Question of Principles of Business and Practice 2014

The UN created the Commission on Transnational Corporations in 1973, with the goal of formulating a corporate code of conduct for TNCs. The Commission’s work continued into the early 1990s, but the group was ultimately unable to ratify an agreeable code due to various disagreements between developed and developing countries. The group was dissolved in 1994.

Board Question of Principles of Business and Practice 2014

In August 1998, the UN Sub-Commission on the Promotion and Protection of Human Rights established a Working Group on Transnational Corporations. The Working Group similarly attempted to create standards for corporations’ human rights obligations. By 2003 they completed the final draft of the “Norms on the Responsibilities of Transnational Corporations and Other Business Enterprises with Regard to Human Rights” (the Norms).

Board Question of Principles of Business and Practice 2014

While the Norms received support from some NGO’s, such as Amnesty International, the docomeent encountered significant opposition from the business sector, and the Commission on Human Rights ultimately determined in 2004 that the framework had no legal standing.