In today’s global economy, these questions are asked more and more when the savvy consumer chooses what to purchase or the modern “knowledge worker” decides where to work. Price, quality and location are no longer the only factors. Companies increasingly recognize the link between ethical business practices and long-term market success. They spend billions on brand perceptions and corporate persona, but if that persona does not reflect the institution’s true culture, the gap is apparent - and the bottom line takes a hit.

As the world shrinks, awareness of the need for business transparency, accountability and integrity grows. How is this impacting your company? In this environment, corporate CEOs and leaders must ask tough questions:

• Can we comply with the laws and still meet the public's expectations?
  
  
• Where is this push toward greater transparency going?
  
  
• Will greater transparency build trust in our company or merely further the scrutiny?
  
  
• What is the cost to identify and tackle the impact of labor exploitation and human trafficking on our business?

Ethical sourcing, production and procurement in supply chains are among the most critical aspects of transparency businesses face. Whether it’s abuse of adults in factories, fields or mines; children pressed into servitude; or people trafficked to be sex or domestic workers, concerns about labor exploitation have a growing influence on consumers and the markets they fuel. And exploitation is not only illegal; it is a business and economic liability. In order to confront the issues and mitigate the business risk, public and private sectors must be involved - locally and globally.

For Womenetics, the challenge of labor exploitation and human trafficking falls within the larger context - our belief that the biggest need is advance women worldwide. Womenetics is a catalyst for inspiration and empowerment for women. Women’s leadership can bring light and action to these conditions and speed solutions for the good of all.

On May 9, 2012 at the Metropolitan Club in Chicago, Womenetics will host representatives from leading companies, world policy experts and Chicago-based thought leaders to discuss programs and laws that are in place to increase transparency, reduce human trafficking and end labor exploitation. We’ll examine what steps still need to be taken. Attendees will hear about solutions that will enhance your ability to produce business success in today’s global economy and operate with integrity and purpose.