To recap a recent Yahoo Finance article: the parent company of QNET, QI Group of Companies, has been recognized as part of the United Nations Global Compact Network, commonly abbreviated as the UNGC. QI has recently pledged to adopt responsible and sustainable business practices at the International CSR Summit held in Singapore earlier this year. The UNGC is a policy initiative for businesses putting forth effort to making their operations and strategies aligned with ten principles that consist of anti-corporation, environment, human rights and labor.
Mr. Joseph Bismark, the group Managing Director of the QI Group of Companies, says “being a registered member of the UNGC is an honor and a privilege. It very much is alignment with the QI Group’s commitments to improve its function in areas including human rights, labor rights, the environment and anti-corruption.”
The UNGC’s platform is used to share efficient and emerging practices that aim to create an economy that benefits humanity at large. The UNGC also has a wide variety of contributors and associates, including UN agencies, governments, civil society, labor and non business oriented groups.
Another benefit of being recognized is the opportunity to adopt a globally recognized policy framework for the development, implementation and disclosure of positive practices and policies. “These practices will in turn, increase transparency and accountability, which are valuable and good for corporate governance.” Joseph Bismark added.
Joseph Bismark, according to the QI group’s website, was “instrumental in establishing a solid foundation for the exponential grown of the company.” Mr. Bismark left to be a monk in the mountains of the Philippines at age 9. Upon returning to normal society, he went into business using the principles he had learned during his time in the mountains. With a unique sense of spirituality not often found in the business world, he stood out and became the Managing Director for the QI group in 2008.
Mr. Bismark is known to be a true dynamic and multifaceted leader in business. He actively pursues an innate need for more knowledge and has excelled in his own multiple interests, including philosophy, yoga, bonsai, and martial arts.