Business Ethics, the Environment and Responsibility 21 (1):100-114 (2012)
Abstract |
The United Nations Global Compact – which is a Global Public Policy Network advocating 10 universal principles in the areas of human rights, labor standards, environmental protection, and anticorruption – has turned into the world's largest corporate responsibility initiative. Although the Global Compact is often characterized as a promising way to address global governance gaps, it remains largely unclear why this is the case. To address this problem, we discuss to what extent the initiative represents an institutional solution to exercise global governance. We suggest that new governance modes, which have arisen in the context of globalization, often adopt a multiactor, multilevel, and network-based approach. We then analyze how far the Global Compact's institutional design reflects this multiactor, multilevel, and network-based steering mode. Drawing on this discussion, we offer suggestions regarding how the initiative can be further developed
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DOI | 10.1111/j.1467-8608.2011.01642.x |
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References found in this work BETA
Global Rules and Private Actors: Toward a New Role of the Transnational Corporation in Global Governance.Andreas Georg Scherer, Guido Palazzo & Dorothée Baumann - 2006 - Business Ethics Quarterly 16 (4):505-532.
Global Rules and Private Actors: Toward A New Role of The Transnational Corporation In Global Governance.Andreas Georg Scherer, Guido Palazzo & Dorothée Baumann - 2006 - Business Ethics Quarterly 16 (4):505-532.
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Citations of this work BETA
Stakeholder Theory: A Deliberative Perspective.Ulf Henning Richter & Kevin E. Dow - 2017 - Business Ethics: A European Review 26 (4):428-442.
Global Governance: CSR and the Role of the UN Global Compact.Christian Voegtlin & Nicola M. Pless - 2014 - Journal of Business Ethics 122 (2):179-191.
Sharing the Shared Value: A Transaction Cost Perspective on Strategic CSR Policies in Global Value Chains.Aurélien Acquier, Bertrand Valiorgue & Thibault Daudigeos - 2017 - Journal of Business Ethics 144 (1):139-152.
Actor and Institutional Dynamics in the Development of Multi-Stakeholder Initiatives.Anica Zeyen, Markus Beckmann & Stella Wolters - 2016 - Journal of Business Ethics 135 (2):341-360.
The Role of the Private Sector in Global Climate and Energy Governance.José Célio Silveira Andrade & José Antônio Puppim de Oliveira - 2015 - Journal of Business Ethics 130 (2):375-387.
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