In addition to governments and civil society, the private sector comprises one of the major stakeholders in a democracy. The impactful role that private businesses and multinational corporations play in the political life of our current world affects a series of democracy-related topics, such as governance, transparency, corruption, and economic development. This reality alludes to the ongoing debate regarding the role and responsibility of the private sector in democratic countries. The Community of Democracies embraces this topic through engaging in dialogue with representatives of the business sector.
This conversation takes place in the Corporate Democracy Forum, envisioned as a platform for committed representatives of the private sector to actively support democratic practices. Participants of the Corporate Democracy Forum participate in the Community’s Ministerial Conferences by making recommendations to the Ministerial Declarations and discussing the major opportunities and challenges for the private sector in its democracy-oriented activities.