1. Corporate Response to Legal Pressure: Lessons from the Alien Tort Claims Act.
- Author
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Shamir, Ronen
- Subjects
- *
INTERNATIONAL business enterprises , *CORPORATE image , *TORT liability of corporations , *CORPORATE directors , *BUSINESS ethics , *CORPORATE governance - Abstract
Using Alien Tort Claims Act suits against multinational corporations as an immediate context for discussion, this paper explores the emerging field of corporate social responsibility. The paper argues for an understanding of concrete legal struggles as part of broader competing strategies for regulating corporate obligations to a multitude of stakeholders. By identifying and analyzing the positions of concrete actors who operate in the field, the main thesis of this paper is that the field strongly tilts in the direction of voluntary and self-reliant models of corporate responsibility. The paper identifies this process as consistent with the privatization of regulative structures in general and with extant modeling of corporate governance in particular. [ABSTRACT FROM AUTHOR]
- Published
- 2004