Critique Of Salil Tripathi's International Regulation Of Multinational Corporations

Moreover, Canada should know their environmental responsibilities as companies need space for land and lots of water for dumping waste. This increases risks for injuries to occur as employees enter harsh environments. Workers end up exposed to coal dust and silica for long periods which causes serious health problems. In areas of mining companies exists pollution at an increased rate that makes the soil and water enriched with heavy metals and livestock. Globally, businesses corporate social responsibilities that are essential as they consist of four strategies: the shareholder strategy, the alustric strategy, the reciprocal strategy, and the citizen strategy. The shareholder strategy is where the corporate social responsibility is looking for an overall profit and the same to reach threshold. Secondly, the alustric strategy is where the company declares themselves unaccountable for society and allows for responsibility to fall towards the person leading the firm - the manager. Next, the reciprocal strategy has an individual who looks for the flaws in both economic and social perspectives. Lastly, the citizen strategy is where there is a business analysis that includes individuals who have different expectations and interests for continuing the company’s goals. NGOs also pressure companies to fix remedies to help the victims of the violations.

Over the year’s organizations from, all parts of the world have experienced growth in the areas of business. Much of this growth is in part due to multinational companies, many of them enjoying significant benefits. One such area is investment, however it creates benefits for foreign MNCs, and it brings about concern. Perhaps the greatest fear. Fear concerning state owned corporations and the lack of effectiveness of legislation / regulatory enforcement.

Corporations care more about profits than the negative effects their production has on the surrounding environment and society. These corporations continue to operate in third world countries where there is less government oversite and environmental protection regulations. The pollution that these corporations as well as consumers cause contributes to global warming and climate change. From coal burning power plants, burning

My analysis is that is in order to solve these social problems, the environment will need to be cleaner. Our organization would benefit by contributing to assist in correcting these issues. The company can use ethical decision making to secure the organization environmental responsibility. Decisions that would allow for government agencies to get involved with the organization. For instance if a company is proactive and follows the United States Environmental Protection Agency‎ guidelines for emissions on dangerous pollutants and even goes an extra step to get involved in the community and address those concerns that the public might have; they would be less likely to have the EPA investigate them for environmental concerns.(Corporate social responsibility, 2009).

One question that has been caused a lot of controversy over the years is whether or not globalization has more positive effects than negative effects. Globalization is a complex subject, so it is necessary to analyze the principal impacts on society before coming to any conclusions. On the one hand, developing countries which consume global products, globalization has positive impacts as well as multinational companies that establish new markets. On the other hand, some specialists say that globalization harms workforce and environment. This essay is going to approach one aspect of globalization in which multinational companies transfer investments from developed to developing countries and, as a consequence, it increases unemployment, social inequality, and pollution.

According to Article 14 of UN Norms, transnational corporations and other business enterprises are responsible for the environmental and

According to Joell Brohier-Meuter, however, Asian countries launched such societal policies as Green Social, Harmonious Society and Business Ethics policy. Therefore, multinational companies need CSR for expanding their business. This source explores the role of multinational business activity and outlines the factors of CSR in running a business. In addition, it shows a variety of elements, which can affect a business’ success or failure.

This report will demonstrate how Carroll’s interpretation of corporate social Responsibility (CSR) is more suited to an Anglo-American interpretation of CSR compared to that of a Nigerian perspective as it is difficult to apply the ideas in the African context due to the country being less stable than the western world that we know. To demonstrate this I will look at the Shell case study in Nigeria and how “culture may have an important influence on CSR priorities” (Burton et al, 2000). In March 2007 a British national was kidnapped from an oil rig in Nigeria emphasising the issues that large corporations face in foreign countries. To meet the expectation of “true corporate social responsibility it is expected that all four levels are met

The rapid development of economy promotes the development of multinational companies, which have become a general form rather than a special form of a company. Multinational companies carry a lot of money, production technology, management expertise and sales channels to expand their business around the world. There is no doubt that multinational companies will become the subject of an act of international relations and play an increasingly large impact on international relations.

Corporate social responsibility (CSR)1 has become a hot topic in boardrooms across the world. Changes in corporate value systems are being driven by pressures from different actors, including governments, consumers, non-governmental organizations (NGOs) and institutional investors (diagram 1). Multinational corporations (MNCs) have operations spread across the globe, relying on both foreign affiliates and arm’s-length suppliers arrayed along global supply chains, many of which encompass developing countries. What then does the growing CSR movement mean for developing country producers? The chapter addresses this

Another company that has recently conducted poor social responsibility is British Petroleum (BP plc). For those unfamiliar, BP, a multinational company headquartered in London, England, is one of the world’s seven major oil and gas companies operating in all areas of the oil and gas industry. These industries include the likes of exploration, production, distribution, marketing, and power generation, along with several other areas. With that much integration in one particular industry, a large corporation like that carries a large amount of social responsibility. The company’s origin dates all the way back to the founding of a small Iranian oil discovery company in 1908, but it has not been until recently that the company has been directly involved in several major environmental and safety incidents, one of which being the well-known 2010 Deepwater Horizon oil spill, the largest accidental release of oil into marine waters.

The rise of the corporation follows the path of the rise of Western capitalist society. When industrial societies expanded, the birth of many corporations formed to consolidate power, market share and ultimately, profit. In the last century, the emergence of large multinational corporations (MNC)* has brought both benefits and numerous problems to our global society. The documentary film The Corporation has left an indelible mark on my perception on how globalization has affected poor countries. The film provides a critical review on the rise of MNC and its current corporate practices. The study of multinational corporations have led to the emergence of several academic approaches that question the merits and consequences of globalization.

The first case that we are going to talk about is an American company from Texas called Chevron. Chevron is an oil company that had started to drill for oil in South America, while this company was in South America; they developed very poor environmental skills (ChevronToxico, 2014). While chevron was in Ecuador they used cost cutting techniques, and under developed technology (ChevronToxico, 2014). These cost cutting techniques that chevron had used only saved the company 3 dollars a barrel of oil, but allowed them to dump waste and leave toxic waste pits all over the rain forest(ChevronToxico, 2014). By the time Chevron had been done drilling for oil and left the forest they had left more than 1000

The corporate social responsibility for Investcorp is to assess and take responsibility for the company 's effects on environmental and social well-being. Switzerland is one of the countries that holds companies responsible for environmental well-being. The Swiss government imposes their economic actors to assume their responsibilities towards society. This means that the government is reinforcing the position of Swiss enterprises in terms not only of their competitiveness but also with respects to the part they perform in

On the other hand, we might assess the Legal risk or issue as low due to the fact that most of the human rights treaties has no teeth and does not enact direct legal obligations on companies, therefore, it became part of the companies CSR. Prime example to that is the Multinational enterprise (MNE) as the MNE is not subject of the international law; consequently, the rights and obligations regarding human rights and CSR are fairly vague. On the same hand, the UN guiding principles are soft law as they impose “voluntary standards” for corporations. Nevertheless, it