With supply chains and end markets spread across the globe, companies are now more vulnerable than ever to country and geopolitical risk. Against this backdrop, Stephanie Hare argues that today’s global company can reap significant benefits by developing a corporate foreign policy to align its values and priorities across all markets. However, there are different approaches that a corporation can take in formulating this identity. Should a corporation’s foreign policy embody the values of its home country, the country in which it does business, or an opportunistic hybrid of both? What is the business case to be made for or against these approaches? And what does the history of corporate diplomacy tell us about the prospects for success?