Converged approach in regulation for socializing transnational corporations

dc.contributor.authorRahim, M.M.
dc.contributor.editorRahim, M.M.
dc.date.issued2019
dc.description.abstractThe prolonged attempt to create a global code for TNCs was ultimately unsuccessful, yet the simultaneous rise of global frameworks and guidelines by various private bodies highlight the need for monitoring of the performance of TNCs in addition to evaluation of their accountability practice. But none of the current frameworks and guidelines has been successful in laying down a clear way forward for the creation of an accepted global code of conduct for TNCs. The corporate social responsibility movement is a reaction to this need; it assists the shift of the market centred focus of global regulatory framework initiatives to ‘people centred’ (as opposed to country-centred) concerns. Accordingly, the core CSR principles urge that TNCs must not only be compliant but also responsible to their wider stakeholders and the environment. This chapter presents how the implementation of CSR principles in corporations can be an alternative to a global code of conduct for socialising TNCs.
dc.identifier.citationSource details - Title: Code of conduct on transnational corporations: challenges and opportunities, 2019 / Rahim, M.M. (ed./s), Ch.8, pp.155-184
dc.identifier.doi10.1007/978-3-030-10816-8_8
dc.identifier.isbn9783030108151
dc.identifier.urihttps://hdl.handle.net/11541.2/135934
dc.language.isoen
dc.publisherSpringer
dc.publisher.placeSwitzerland
dc.relation.ispartofseries2196-7075
dc.rightsCopyright 2019 Springer Nature Switzerland
dc.source.urihttps://doi.org/10.1007/978-3-030-10816-8_8
dc.subjectCSR principles in corporations
dc.subjectglobal frameworks and guidelines
dc.titleConverged approach in regulation for socializing transnational corporations
dc.typeBook chapter
pubs.publication-statusPublished
ror.mmsid9916260907801831

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