Document Type
Article
Disciplines
International Law
Abstract
Imagine, if you will, holding a seat on the board of directors of a modem multinational enterprise. As you attend your first meeting of the board, one thing becomes abundantly clear- every strategic decision must be made not only with the profitability of the company in mind, but in the context of a myriad of "stakeholders". As the corporation's counsel advises the board she speaks about a number of matters including the specter of Sarbanes-Oxley (Sox), the pressure from groups such as the "greens" (environmental activists), "fair traders" (paying for raw materials not at their market price but at a price deemed to be socially acceptable to the producer), as well as "living wage" proponents (paying employees more than the legally required amount), and the ever present global warming activists. And the list is virtually endless. You are astounded by her presentation. In the extraordinarily hypercompetitive international environment, one must wonder- How can the company respond to those external forces? How indeed? Perhaps what is needed is a set of written principles to guide the company through this modem day maze.
Recommended Citation
Baker, Mark B., "Promises and Platitudes: Toward a New 21st Century Paradigm for Corporate Codes of Conduct" (2007). Connecticut Journal of International Law. 468.
https://digitalcommons.lib.uconn.edu/cjil/468
Accessibility Requirements
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