Voluntary programmes for the regulation of corporate behavior. New OECD Guidelines for Multinational Corporations and the UN Global Compact. Disadvantages, which affect the outcome of the OECD Guidelines. A global partnership with private sector.
1. Two most remarkable voluntary programmes for the regulation of corporate behavior have been introduced recently, the New OECD Guidelines for Multinational Corporations and the UN Global Compact. They are quite similar in the their goals, but they have one significant difference in their way to reach and change corporate behavior of MNCs. While the New OECD Guidelines for Multinational Corporations are endorsed by governments, and only through governments they are in contact with businesses, the UN Global Compact Principles are endorsed directly by corporations. Let us proceed with the OECD first. corporate programme guidelins partnership On the one hand main advantages of the OECD approach are that (endorsed by governments): · It is particular with respect to every national state and its peculiarities of law and functioning of companies and big corporations; · Each adhering country sets up a National Contact Point to better coordinate national activities; · NCPs are systems which handle complaints and deal
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