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ch 6 and 7 part 9 - •MNEs need to develop strategic...

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CORPORATE SOCIAL RESPONSIBILITY (CSR), CORPORATE GOVERNANCE, AND SUSTAINABILITY (CONT.) •Corporate Sustainability •Is defined as meeting the needs of the present without compromising the ability of future generations to meet their own •Determining Sustainability •Is the decision fair to employees? •Is the decision sustainable in the long run? •Is the decision green in terms of the carbon footprint? •Is the decision-making process transparent and open for scrutiny? CORPORATE SOCIAL RESPONSIBILITY (CSR), CORPORATE GOVERNANCE, AND SUSTAINABILITY (CONT.) •Development of a Strategic Global Code of Conduct Policy
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Unformatted text preview: •MNEs need to develop strategic policies to establish a code of conduct that defines acceptable behavior in terms of employment relations •Codes of conduct should be defended as the “company culture” •Remove the possibility of managers disagreeing with certain practices because they perceive them to go against local or national cultural practices •The decision to abide by certain labor standards is based on the defined company culture and policies, not on any given individual biases or preferences...
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