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Holding Corporations Accountable - Corporate Conduct, International Codes and Citizen Action (Paperback)
Loot Price: R1,478
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Holding Corporations Accountable - Corporate Conduct, International Codes and Citizen Action (Paperback)
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At a time when the gigantic transnationals have a huge impact on
human health, the environment, working conditions and the economic
prospects of nations, this book explores whether it is sufficient
to continue to rely on industry self-regulation alone.
Before widening her focus to the general issues, the author
examines the now famous case of the infant food industry. Almost
two decades after the introduction of the WHO/Unicef Code seeking
to regulate the marketing of formula milk substitutes, an estimated
one and a half million babies die unnecessarily every year as a
result of formula feeding. How effective, therefore, has the Code
been in changing industry behaviour?
The author argues that a key question today is how to foster a
political climate favourable to practical institutional
arrangements for the better regulation of TNCs. Recognizing the
tension between global governance on the one hand and the
globalized free market on the other, she urges that close attention
be given to corporate conduct and TNC compliance with what
regulatory codes exist. A range of relevant questions is explored,
including the roles of citizen action, national governments and
international agencies.
A host of public concerns - for example, job losses when industries
migrate or the introduction of GM crops without public consultation
- point to corporate regulation as a looming political issue. This
book contributes to the debate about how powerful corporations can
pay regard not only to the bottom line, but also take more
seriously their social responsibilities.
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