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Global Business Ethics: Regulation, Code, or Self-Restraint

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  • Cavanagh, Gerald F.

Abstract

Three strategies for developing just and consistent global business practices are examined: 1) international treaties and agreements, 2) global codes of business conduct, and 3) voluntary self-restraint. International agreements investigated are: NAFTA, Global Warming Treaty, OECD Anti-Bribery Treaty and Infant Formula Agreement. The codes examined are the Caux Round Table’s Principles for Business, The Global Sullivan Principles and The United Nations Global Compact with Business. Each of these three strategies is probed for its relative strengths and weaknesses, and its prospects for developing ethical business practices—especially in the areas of improving the environment, human rights and working conditions.

Suggested Citation

  • Cavanagh, Gerald F., 2004. "Global Business Ethics: Regulation, Code, or Self-Restraint," Business Ethics Quarterly, Cambridge University Press, vol. 14(4), pages 625-642, October.
    • Handle: RePEc:cup:buetqu:v:14:y:2004:i:04:p:625-642_00
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    Cited by:

    1. Raminta Pučėtaitė & Aurelija Novelskaitė & Anna-Maija Lämsä & Elina Riivari, 2016. "The Relationship Between Ethical Organisational Culture and Organisational Innovativeness: Comparison of Findings from Finland and Lithuania," Journal of Business Ethics, Springer, vol. 139(4), pages 685-700, December.
    2. Thomas Hemphill & Waheeda Lillevik, 2011. "The Global Economic Ethic Manifesto: Implementing a Moral Values Foundation in the Multinational Enterprise," Journal of Business Ethics, Springer, vol. 101(2), pages 213-230, June.
    3. van Wijk, J.C.A.C. & Danse, M. & van Tulder, R., 2008. "Making Retail Supply Chains Sustainable: Upgrading Opportunities for Developing Country Suppliers under Voluntary Quality Standards," ERIM Report Series Research in Management ERS-2008-080-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    4. Niklas Egels‐Zandén & Markus Kallifatides, 2009. "The UN Global Compact and the Enlightenment tradition: a rural electrification project under the aegis of the UN Global Compact," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 16(5), pages 264-277, September.

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