Accountability of transnational corporations in the developing world
The case for an enforceable international mechanism
Bibliographic Data
| ID | 15539150 |
|---|---|
| Authors | Kamil Omoteso (0000-0001-7436-1632, University of Birmingham, corresponding author), Hakeem O Yusuf (0000-0003-3181-1116, University of Birmingham) |
| Year | 2017 |
| Volume | 13 |
| Issue | 1 |
| Pages | 54-71 |
| Publication date | 2017-02-28 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Critical Perspectives on International Business (JOURNAL) |
| Journal identifiers | ISSN: 1742-2043 • E-ISSN: 1758-6062 |
| Publisher | Emerald Publishing Limited (PUBLISHER • GB) |
| DOI | 10.1108/cpoib-08-2014-0040 |
| OpenAlex | W2592115951 |
| Language | EN |
| Citations received | 8 |
| References cited | 23 |
Purpose The purpose of this paper is to contend that the dominant voluntarism approach to the accountability of transnational corporations (TNCs) is inadequate and not fit-for-purpose. The authors argue for the establishment of an international legal mechanism for securing the accountability of TNCs, particularly in the context of developing countries with notoriously weak governance mechanisms to protect all relevant stakeholders. Design/methodology/approach The study adopts insights from the fields of management and international law to draw out synergies from particular understandings of corporate governance, corporate social responsibility and international human rights. The challenges to governance in developing countries with regard to securing the accountability of TNCs are illustrated with the Nigerian experience of oil-industry legislation reform. Findings The specific context of the experiences of developing countries in Africa on the operations of TNCs particularly commends the need and expedience to create an international legal regime for ensuring the accountability of TNCs. Originality/value Mainstream research in this area has focused mainly on self and voluntary models of regulation and accountability that have privileged the legal fiction of the corporate status of TNCs. This paper departs from that model to argue for an enforceable model of TNC’s accountability – based on an international mechanism
Accountability · Business · Context (archaeology · Corporate governance · Corporate social responsibility · Developing country · Economic growth · Economics · Global governance · International law · Legislation · Mainstream · Originality · Political science · Public relations · Soft law · Value (mathematics · Corporate Law and Human Rights · International Arbitration and Investment Law · Law · State Capitalism and Financial Governance · Accounting · Finance
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| Unique citing works | 8 |
|---|---|
| Citations per year | 1.14 |
| Citation span | 2019 - 2025 (7) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 8 |