How do you choose a business partner

"We carefully select our business partners ..."

Statements of principle like these, which clarify the responsibility in the selection of business partners, can be found regularly in the code of conduct of companies. The aim is that the essential standards for the selection and the principles for the further business relationship must apply equally to all business partners.
A little over two years ago, a nine-story factory building collapsed in Bangladesh. It was partly unlawful, built and operated with inferior materials and on swampy building land. The major accident at Rana Plaza claimed 1,129 lives and injured 2,515. The workers sewed items of clothing for international fashion brands and textile retailers, among other things. Since then, a victim fund has been set up, into which 23 of the planned $ 30 million have been paid ...

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