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The control of multinational corporations is an area of law that has attracted immense attention both at national and international level. In recognition of the importance of the subject matter, the United Nations Secretary General has appointed a special representative to work in this area. The book discusses the current trend by MNCs to self regulate by employing voluntary corporate social responsibility (CSR) strategy. Olufemi Amao argues that the CSR concept is insufficient to deal with externalities emanating from MNCs' operations, including human rights violations. Amao maintains that for CSR to be effective, the law must engage with the concept. In particular, he examines how the law can be employed to achieve this goal. While noting that the control of MNCs involves regulation at the international level, it is argued that more emphasis needs to be placed on possibilities at home, in States and host States where there are stronger bases for the control of corporations. This book will be useful to academic scholars, students, policy makers in developing countries, UN, UN Agencies, the African Union and its agencies, the European Union and its agencies and other international policy makers
This book investigates whether voluntary corporate social responsibility (CSR) strategies are sufficient to mitigate human rights violations and externalities caused by multinational corporations in developing countries. Olufemi Amao, a legal scholar, evaluates the limitations of self-regulation within the current global corporate framework. He argues that legal intervention is necessary to hold corporations accountable, proposing a shift in focus toward regulatory mechanisms in both home and host states to ensure effective oversight.
What You Will Find
Experts and academics recognize this work as a critical contribution to the discourse on corporate accountability and international human rights law. The text is noted for its rigorous legal analysis and its practical focus on policy-making for international organizations and developing states.
Page Count:
300
Publication Date:
2011-01-01
Publisher:
Routledge
ISBN-10:
0415597854
ISBN-13:
9780203815557
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