Page 60 - FOL2023

CATCHING UP WITH FORMER NUL STAFF

he editors have also asked me to briefly relate to the subject of Corporate Governance in the context of my
current work at the International Labour Organization (ILO). The concept of Corporate Governance,
Tin its broader sense, invokes the consideration and inclusion of the interests of all the stakeholders. It
is essentially also a system of accountability, to ensure responsible behaviour and achieve maximum efficiency in
a given organization. The ILO is an ideal image of Corporate Governance, both in structure and function.

The ILO was a consequence agencies. of the three major supervisory
of a tragic human conflict, the bodies of the ILO which oversees
first World War. Its establishment In the context of workplace the implementation of freedom
of what later became the first social dialogue, this tripartite of association and collective
specialised agency of the UN nature of governance where bargaining. Freedom of association
which it preceded, was envisioned governments representatives are and collective bargaining are
to be sustainable peace through joined by the social partners in fundamental principles of the
social justice, and, as such, its the form of employers and worker ILO’s Constitution embodied in
Constitution was in fact an representatives is critical. It helps the Freedom of Association and
article of the Treaty of Versailles, to ensure not only accountability Protection of the Right to Organise
undoubtedly unique in that respect. but also participation in joint Convention 87 of 1948 and the
Another unique feature of the ILO decision-making and transparency. Right to Organise and Collective
which directly relates to Corporate As an example, this vital Bargaining Convention 98 of 1949.
Governance is its tripartite principle is reflected in the working The CFA is a Committee of the
character. This structure of of the ILO Committee on Freedom Governing Body of the ILO, and
representation in its stakeholders of Association (CFA) which for it consists of 18 tripartite members
in the governance system of the my sins I serve as independent representing the three groups,
ILO is unique among international Chairperson of. The CFA is one namely governments, employers,

62 FOL Quaterly Issue 2022