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Private Initiatives for Corporate Responsibility: An Analysis

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Abstract

Voluntary initiatives in the area of corporate responsibility have been among the major trends in international business in recent years. Business surveys show that most large OECD-based multinational enterprises have participated in this trend in one way or another. These initiatives involve, first, the issuance of codes of corporate conduct setting forth commitments in such areas as labour relations, environmental management, human rights, consumer protection, disclosure and fighting corruption. These codes are often backed up by management systems that help firms respect their commitments in their dayto- day operations. More recent developments include work on management, reporting and auditing standards and of the emergence of supporting institutions (e.g. professional societies, consulting and auditing services). This paper analyses the results of a fact-finding project on business approaches to corporate responsibility ...

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  • Oecd, 2001. "Private Initiatives for Corporate Responsibility: An Analysis," OECD Working Papers on International Investment 2001/1, OECD Publishing.
    • Handle: RePEc:oec:dafaaa:2001/1-en
    DOI: 10.1787/816826411085
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    Cited by:

    1. Radostina Bakardjieva, 2019. "Bulgarian Firms as Engine of Corporate Social Responsibility," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 124-132.
    2. Krista Bondy & Dirk Matten & Jeremy Moon, 2008. "Multinational Corporation Codes of Conduct: Governance Tools for Corporate Social Responsibility?," Corporate Governance: An International Review, Wiley Blackwell, vol. 16(4), pages 294-311, July.

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