Code of Conduct on Transnational Corporations

This book explores the challenges and opportunities presented by the formulation of a global code of conduct for transnational corporations. It assesses the current state of research on global regulations intended to enhance the social responsibility of transnational corporations, and provides a platform for future research.In particular the book examines frameworks and instruments for regulating social responsibility, reviews recent developments concerning the proposed UN Code of Conduct on Transnational Corporations, and provides insights into international civil society groups movements in pursuit of a code of conduct. In a separate chapter the book discusses theoretical issues in regulating transnational corporations, and investigates their legitimacy and behavioral dynamics. In closing, the book discusses alternatives to a global code of conduct, the impact of sovereign power in the era of globalization, soft regulations, and the feasibility and normative efficacy of enforcing regulations.

This book explores the challenges and opportunities presented by the formulation of a global code of conduct for transnational corporations. It assesses the current state of research on global regulations intended to enhance the social responsibility of transnational corporations, and provides a platform for future research.

In particular the book examines frameworks and instruments for regulating social responsibility, reviews recent developments concerning the proposed UN Code of Conduct on Transnational Corporations, and provides insights into international civil society groups’ movements in pursuit of a code of conduct. In a separate chapter the book discusses theoretical issues in regulating transnational corporations, and investigates their legitimacy and behavioral dynamics. In closing, the book discusses alternatives to a global code of conduct, the impact of sovereign power in the era of globalization, “soft regulations,” and the feasibility and normative efficacy of enforcing regulations.

Quest for A Global Code of Conduct for Transnational Corporations—A Grim Tale.- An “Instrument of Moral Persuasion”? Transnational Corporations and International Codes of Conduct in the 1970s.- Developing A Global Code of Conduct for TNCs or Principles of ‘Corporate Social Responsibility’?—A Regulatory System Perspective.- Transnational Corporations’ Behavioral Dynamics and Regulation.- Transnational Corporations’ Social License to Operate—the Third Facet of Corporate Governance.- Enforcement of a Global Code of Conduct on TNC’s Operations.- Converged Approach in Regulation for Socializing Transnational Corporations.