Analyze the ramifications of the UN Global Compact.

The UN Global Compact represents a voluntary commitment to corporate citizenship by the 2,000 companies that have elected to participate since the compact became operational in July 2000. Since it is not a regulatory instrument (and, by definition, not enforceable with any form of penalties for failing to comply with the standards of the compact), it is, at best, a public endorsement of the focus on the environment, anticorruption, the welfare of workers around the world, and global human rights. The credibility of the entire initiative is dependent on the public accountability, transparency, and enlightened self-interest of the member organizations in making sure that their global business practices align with the key principles of the compact