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This presentation discusses corporate responsibility in the context of the United Nations (UN) system. Starting with a historical perspective, the presentation shows how the relationship between the business sector and the UN has moved from an era on confrontation to an era of collaboration. In particular, discussions will focus on a recent UN-based public-private partnership: the Global Compact. Additionally, the presentation will also consider the institutional context, achievements, and constraints of the Global Compact as a UN-backed initiative and critically examine its role in the wider context of corporate responsibility and sustainability. The analysis positions the Global Compact as a network-based global governance arrangement reflecting a rapprochement between the UN system and the business community. Overall, the presentation connects the corporate responsibility discourse to scholarly work in the area of political science and international relations.