Corporate Governance And The Global Social Void (original) (raw)
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This paper outlines an approach for understanding the role of multinational corporations (MNCs) in global governance. We develop a typology of regime types with two dimensions, the goal of the regime, which can be market enabling or regulatory, and the location of authority, which can be national, regional, or international, with public and private elements. MNCs tend to support the creation of market enabling regimes at the international level, and prefer to keep social or environmental regulation under national or private authority. ...
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The significance of multinationals in shaping globalization is largely undisputed. This paper argues that any agent of substantial change should, at the same time, be an agent of justice. However, while multinational companies have played instrumental roles in shaping the world in the past, they have done so with seemingly little genuine concern for the systematic advancement of global justice. Granted that the corporate social responsibility movement is still making strides, but it arguably only scratches the surface of a more holistic understanding of corporations as agents of justice. An understanding of corporations as agents of justice crystallizes around their impact on the structure of society. In other words, a perspective on justice addresses the political role and stature of multinational companies. It is, fundamentally, about corporate power and influence – and about the political responsibilities that are inevitably connected to it.
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Business and Society Review, 2009
Contemporary advances in the fields of globalization and technologies raise the question of the relationship between international business and the global common good. Half of the hundred biggest economies in the world are now corporations. Nation-states were traditionally viewed as the guarantors of the common good; however, the current historical stage is marked by the waning of the role of government, and reveals an emerging situation characterized by a co-responsibility of multiple agents in this respect. Three major evolutions are likely to induce multinational corporations (MNCs) to take the global common good into account: the imperative of the preservation of our biosphere, the rise of an anti-globalization sentiment with all its potential consequences, and the necessity to design a global social contract. Besides, these three phenomena are interconnected, which adds to the pressure on MNCs to change their policies.b asr_339 153..182