I'm struck by how very few people outside a rarefied world of true believers understand what you mean when you say human rights - that includes development experts and economists who are very keen to implement the UN Millennium Development Goals. They've told me quite frankly, that they don't know exactly what a human rights approach is.

The UN may not be very effective but I am a fan of the idea of the United Nations. I have been there, I know the problems. To parody Winston Churchill: It is the worst system, except we don't have any other.

Many people think that we have no shared value system in the world today but we actually do.

The term 'human rights' has been too often associated with conditionality, and with concerns of developing countries that in order to benefit from open trade they would be required to implement immediately labour and environmental standards of a comparable level to those applied in industrialised countries. At the same time, debates about the primacy of trade as against human rights legal codes have contributed to maintaining the unfortunate impression that the two bodies of law are pursuing incompatible aims.

To make progress we have to build a multi-stakeholder process, harnessing the appropriate energies.

Young persons, because of their immaturity, may not fully comprehend the consequences of their actions and should therefore benefit from less severe sanctions than adults. More importantly, it reflects the firm belief that young persons are more susceptible to change, and thus have a greater potential for rehabilitation than adults.

Companies should increasingly see themselves as major corporate citizens with a wider responsibility to the community. Nothing less than their reputation - their image - is at stake.