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Taking Care of Business: Corporate Codes of Conduct as Global Regulation |
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Abstract:
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This paper explores the discourses and practices associated with codes of conduct and similar instruments of corporate self-governance developed by associations of transnational corporations have played in efforts to construct a neo-liberal global order that seeks to become hegemonic rather than a series of relationships of domination. The starting premise is that the increasingly widespread use of these corporate codes over the last two decades has been no coincidence: transnational corporations face a crisis of legitimacy due to the potential implications of corporate activity on environmental protection, human rights and democratic practices. Although conflict between business and social goals are not new, the hard-won victory to roll back state regulation of private sector activities means that there are no effective institutions to protect societies (and even other companies) from some of the worst excesses of corporate behaviour. Moreover, with the globalization of civil society and new communications technologies, corporate practices in vulnerable communities are increasingly under surveillance. The role of these codes of conduct, therefore, is political more than technical: although such codes have been marginal to corporate practice, they are one of the ways in which corporate leaders manage potential challenges from 'global civil society' at critical moments into a problem-solving framework that leaves the core aspects of corporate decision-making intact. |
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corpor (122), code (86), conduct (65), global (48), right (41), worker (39), p (37), regul (35), social (33), consum (32), world (29), market (29), product (28), labour (28), state (28), activ (25), compani (25), intern (23), human (22), busi (22), new (21), |
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Association:
Name: International Studies Association URL: http://www.isanet.org
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Citation:
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MLA Citation:
| Bassett, Carolyn. "Taking Care of Business: Corporate Codes of Conduct as Global Regulation" Paper presented at the annual meeting of the International Studies Association, Le Centre Sheraton Hotel, Montreal, Quebec, Canada, Mar 17, 2004 <Not Available>. 2009-05-26 <http://www.allacademic.com/meta/p73346_index.html> |
APA Citation:
| Bassett, C. , 2004-03-17 "Taking Care of Business: Corporate Codes of Conduct as Global Regulation" Paper presented at the annual meeting of the International Studies Association, Le Centre Sheraton Hotel, Montreal, Quebec, Canada Online <.PDF>. 2009-05-26 from http://www.allacademic.com/meta/p73346_index.html |
Publication Type: Conference Paper/Unpublished Manuscript Review Method: Peer Reviewed Abstract: This paper explores the discourses and practices associated with codes of conduct and similar instruments of corporate self-governance developed by associations of transnational corporations have played in efforts to construct a neo-liberal global order that seeks to become hegemonic rather than a series of relationships of domination. The starting premise is that the increasingly widespread use of these corporate codes over the last two decades has been no coincidence: transnational corporations face a crisis of legitimacy due to the potential implications of corporate activity on environmental protection, human rights and democratic practices. Although conflict between business and social goals are not new, the hard-won victory to roll back state regulation of private sector activities means that there are no effective institutions to protect societies (and even other companies) from some of the worst excesses of corporate behaviour. Moreover, with the globalization of civil society and new communications technologies, corporate practices in vulnerable communities are increasingly under surveillance. The role of these codes of conduct, therefore, is political more than technical: although such codes have been marginal to corporate practice, they are one of the ways in which corporate leaders manage potential challenges from 'global civil society' at critical moments into a problem-solving framework that leaves the core aspects of corporate decision-making intact. |
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| Document Type: |
.PDF |
| Page count: |
14 |
| Word count: |
7240 |
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| Taking Care of Business: Corporate Codes of Conduct as Global Regulation International Studies Association Convention Montreal March 2004 Carolyn Bassett International Development Studies Trent University Recently the Canadian documentary The Corporation played for more than six weeks in first- run movie theatres across the country. The movie’s premise was simple: In law the corporation is a “person.” But what kind of person is it?1 The filmmakers’ answer was that The Corporation is a psychopathic person and they spent much |
| and (when necessary) shareholders then continuing to look to them to provide answers seems misguided – they are unlikely ever to provide effective solution because they don’t address the real problem. We might call it the old ‘bait and switch’ – they divert our attention from the pressing need to 49 Silver and Arrighi “Workers North and South ” pp. 61-62. 50 Florini The Coming Democracy p. 107. 51 Jenkins “Corporate Codes of Conduct ” p. 11. 13 regulate |
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