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.

Explores the status quo and historical development of a code of conduct for transnational corporations Critically discusses the Global Compact and industry guidelines Reviews feasability, legitimacy and enforcement of a global code of conduct for transnational corporations

Autorentext
Dr. Mia Mahmudur Rahim is a Senior Lecturer in corporate law at the University of South Australia. As an established researcher, he is particularly interested in different forms of regulation and how this relates to legal structures that encourage social responsibility and accountability practice of regulatees. One of his recent books "Legal Regulation of Corporate Social Responsibility" has explained how a meta-regulation mode in laws can effectively raise social responsibility performance of corporations. He is a winner of some highly prestigious awards including the Chevening Scholarship, Graduate Scholarship of the National University of Singapore and the Macquarie University Research Excellence Award.

Inhalt
Quest for A Global Code of Conduct for Transnational CorporationsA 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 Operatethe Third Facet of Corporate Governance.- Enforcement of a Global Code of Conduct on TNC's Operations.- Converged Approach in Regulation for Socializing Transnational Corporations.