The control of multinational corporations is an area of law that has attracted immense attention both at national and international level. In recognition of the importance of the subject matter, the United Nations Secretary General has appointed a special representative to work in this area.
The book discusses the current trend by MNCs to self regulate by employing voluntary corporate social responsibility (CSR) strategy. Olufemi Amao argues that the CSR concept is insufficient to deal with externalities emanating from MNCs’ operations, including human rights violations. Amao maintains that for CSR to be effective, the law must engage with the concept. In particular, he examines how the law can be employed to achieve this goal. While noting that the control of MNCs involves regulation at the international level, it is argued that more emphasis needs to be placed on possibilities at home, in States and host States where there are stronger bases for the control of corporations.
This book will be useful to academic scholars, students, policy makers in developing countries, UN, UN Agencies, the African Union and its agencies, the European Union and its agencies and other international policy makers.
"Amao offers a thorough, grounded analysis, beginning with discussion of historical background. He looks at major attempts at the international level to control multinational corporations, the legal and institutional framework for control of multinationals in developing countries (with a focus on Nigeria), the African regional human rights system, the European Union and corporate responsibility, judicial process as a means of promoting corporate responsibility, and the foundation for a global company law."—Book News
Introduction 1. Multinational Corporations, States and International Regulation: Historical Background 2. Major Attempts at the International Level to Control Multinational Corporations 3. Corporate Social Responsibility and its Relationship to Law 4. Legal and Institutional Framework and the Control of Multinationals in Developing Countries with a focus on Nigeria 5. Regional Human Rights System and Multinational Corporations: The Case of the African Regional Human Rights System 6.The European Union and Corporate Responsibility in Vulnerable States 7. Judicial Process as a Means of Promoting Corporate Responsibility Abroad: Extraterritoriality 8. The Foundation for a Global Company Law for Multinational Corporations: The Complimentary Role at the International Level. Conclusions
The credit crunch of 2007 and the ensuing financial crises have led to a renewed interest in the place of corporations in the modern world and the role of law and regulation in governing their behaviour. This series looks to survey the current developments within the field of corporate law as well as mapping out future opportunities for change. The series offers a comparative approach to the subject, looking not just at North America and Europe but also at the state of affairs elsewhere in the world. Written by influential scholars, the books offer thought-provoking and often critical analyses of corporate law. The functions and legal obligations and rights of multiple stakeholders including directors, investors, governments and regulators are examined from both empirical and theoretical standpoints. Whilst being grounded in law the series also draws upon research from the disciplines of economics, management studies, sociology and politics in order to explore the implications of corporate law in their wider social and economic context.