If you care about how our extractive companies behave when they operate in developing countries then let your voice be heard through this process! The latter claim is explored further in the sections which follow and is summarized at the end of the chapter. Journal of Business Ethics 10, 527— 541. Evaluating commitments of frontrunner multinational corporations. FitzGerald argued that the process of developing a multilateral framework for regulation has been slow and lopsided. Nevertheless, low levels of community awareness of environmental issues and a weak environmental movement have mitigated the pressures on corporations to adopt voluntary initiatives. The Creative Commons Public Domain Dedication waiver applies to the data made available in this article, unless otherwise stated.
The case of the Philippines, presented by Francisco Magno, illustrates the fact that corporate social responsibility is not always externally driven or dependent on the enactment of laws. In other words, it is impossible for several industries to easily generate economic, environmental and social significances by updating their strategy or pioneering applications when international marketing motivations exist in the opposite dimension. Thanks go also to Peter Lund-Thomsen and two anonymous referees for comments on an earlier draft of this paper. Almost all firms conducted specialized research to address diseases that exclusively or disproportionately affect developing nations. Alternative social investments may be continued if they have an equally compelling rationale. It is also necessary to avoid broad generalizations about the positive or negative effects of voluntary initiatives.
They dismissed the project because they argued that it was fraught with nepotism and favouritism. There is an extensive historical and generally highly critical debate in the development literature about the classification of countries as developed and less developed or developing. The cooperative project became moribund. If initiatives are viewed as being community oriented, then it makes sense to involve the intended beneficiaries — both in initiation and implementation. Then, there exists collaborative learning in the firm-state institutions affinity while civil society organizations are away from nurturing responsible investment. This is apparent in the area of corruption, where international treaties define certain obligations of corporations.
David Barkin explained how an institutional framework supportive of corporate environmental responsibility has emerged in recent years. However, as a result of the high demand of sustainable products in the industry, many of the governments have found themselves to be obligated to align with green strategy and policy to facilitate the shift to a sustainable economy which is more resourceful and reasonable for all the stake holders. The editorial ends with propositions for future research. Cultural sensitivities Our study also shows that corporations should consider cultural and traditional values when initiating projects. Big companies operating in developing countries often use corporate social responsibility initiatives to position themselves as development agents and friends of the host communities.
Globalization involves a profound re-ordering of our world with the proliferation everywhere of rules and transnational modes of governance. To that end, learning business organizations strive to erudite sustainability practices to meet the interests of stakeholders. Under international pressure to distance themselves from the apartheid regime, some firms in South Africa attempted to improve their social performance in the 1970s. Most of these myths exist as a result of the feeding frenzy that inevitably occurs every time the media has hunted down and sunk its teeth into one or other juicy story of corporate exploitation. The research could contribute to a theoretical framework that can be used to develop negotiated and mutually acceptable outcomes. Furthermore, several of the factors unveiled in this study seem to limit the ability of the largest pharmaceutical companies to maximize their resources and will to improve the health of underserved populations. Competing interests The authors declare that they have no competing interests.
A powerful analysis of the modes and logics of transnational rule-making and rule-monitoring closes the book. The first day will provide an opportunity for the public to provide input into the process through participation in a public forum. © Oxford University Press, 2018. The first of four Roundtable discussions was held in Vancouver on June 14 and 15 and explored the question of which standards Canadian extractive companies should meet when they operate abroad. The elements are based on international conventions, codes of conduct and industry best practice. The interviews were semi-structured and responses were documented with audio recordings and written notes. Two different sets of stakeholders were identified: one group that enjoys a more stable distribution and another group that receives a more volatile share.
This phase of work served primarily to position our findings within the existing landscape. They also saw it as an attempt to divide and rule. While it remains a debated concept, corporate social responsibility has generally referred to corporate respon- siveness to social agendas with regards to corporate behavior, and to performance in light of these responsibilities Matten and Moon 2008. But community leaders reacted with hostility. This left a significant portion of the workforce living in dehumanising conditions. Business and Society Review 112, 369— 405. Reviewing secondary literature helped to elucidate an understanding of corporate social responsibility, its relationship with health outcomes and the unique positioning of pharmaceutical firms in this field.
Building on a rich and varied set of empirical cases, it explores transnational rules and regulations and the organizing, discursive and monitoring activities that frame, sustain and reproduce them. The past few decades have shown an increasing progress towards business role in social and environmental concerns other than business as usual. From our interviews, it was inferred that a company does not see anything untoward in acquiring graveyards and compensating families to exhume and re-bury their ancestors. We exemplify how the process moves from an understanding of the needs of the poor towards innovation and offer a general framework for evaluating the success of these types of projects. International Affairs 81, 559— 580. Cultural beliefs and traditional practices are often tied to the land.
These aggregated activities are limited to those programs that were identified either in publicly available documents produced by the firms themselves or in the semi-structured interview. Gardiner Professor of Business Ethics in the Schulich School of Business at York University. The case of South Africa, presented by David Fig, explored the relationship between corporate social responsibility, and social and political change. She previously served as a Peace Corps volunteer in Burkina Faso. Business and Society 45, 93— 129. Further, governance practice significantly promotes market value only for chaebols, while investors do not significantly value governance practice carried out by other firms.