Code of Conduct on Transnational Corporations: Challenges and Opportunities (CSR, Sustainability, Ethics & Governance)

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 groupsâ#x80;#x99; 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, â#x80;soft regulations, â#x80;#x9D; 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 groupsâ#x80;#x99; 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, â#x80;soft regulations, â#x80;#x9D; and the feasibility and normative efficacy of enforcing regulations Front Matter ....Pages i-xiv Quest for a Global Code of Conduct for TNCs—A Grim Tale (Mia Mahmudur Rahim)....Pages 1-22 An ‘Instrument of Moral Persuasion’—Multinational Enterprises and International Codes of Conduct in the 1970s (Thomas Hajduk)....Pages 23-43 TNC Code of Conduct or CSR? A Regulatory Systems Perspective (Benedict Sheehy)....Pages 45-62 Behavioral Dynamics and Regulation of Transnational Corporations (Hervé Lado)....Pages 63-87 The UN Global Compact for Transnational Business and Peace: A Need for Orchestration? (Mariko Shoji)....Pages 89-110 Transnational Corporations’ Social License to Operate—The Third Facet of Corporate Governance (Indrajit Dube)....Pages 111-130 Enforcement of a Global Code of Conduct on TNC’s Operations (Vicki Waye)....Pages 131-153 Converged Approach in Regulation for Socializing Transnational Corporations (Mia Mahmudur Rahim)....Pages 155-184