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Corporate human rights responsibility and multinationality in emerging markets - a legal perspective for corporate governance and responsibility

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  • Sascha-Dominik Bachmann
  • Vijay Pereira

Abstract

This 'perspective' paper highlights the evolving concept and idea of corporate human rights responsibility (CHRR) under international law. The paper thus aims to rectify the scarcity of such a notion within the existing frameworks, and its related significance to other concepts of corporate responsibility and governance. This paper develops and builds upon the emerging concept of CHRR in the context of emerging market multinationality (EMM), by proposing that multinational corporation (MNCs) be more proactive in taking on board CHRR within their corporate governance (CG) and corporate social responsibility (CSR) agendas, so as to avoid future risks of being sued and taken to court. The current literature suggests paucity and underrepresentation of research on the legal facets of human right responsibilities on the part of MNCs in emerging economies such as India. The 'ghost' of the Bhopal tragedy 27 years ago in India still haunts us and has resurfaced with Dow Chemicals, then Union Carbide, who was responsible for the tragedy, also having sponsored the 2012 London Olympics, and gained more bad press, than good. This study thus specifically looks at India, through the 'unique', chronological and time-line (longitudinal) case of Bhopal, to elucidate our concept of CHRR.

Suggested Citation

  • Sascha-Dominik Bachmann & Vijay Pereira, 2014. "Corporate human rights responsibility and multinationality in emerging markets - a legal perspective for corporate governance and responsibility," International Journal of Business Governance and Ethics, Inderscience Enterprises Ltd, vol. 9(1), pages 52-67.
    • Handle: RePEc:ids:ijbget:v:9:y:2014:i:1:p:52-67
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    Citations

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    Cited by:

    1. Helen LaVan & Lori S. Cook & Ivana Zilic, 2021. "An analysis of the ethical frameworks and financial outcomes of corporate social responsibility and business press reporting of US pharmaceutical companies," International Journal of Business Governance and Ethics, Inderscience Enterprises Ltd, vol. 15(3), pages 326-355.
    2. Faozi A. Almaqtari & Hamood Mohd. Al-Hattami & Khalid M. E. Al-Nuzaili & Mohammed A. Al-Bukhrani, 2020. "Corporate governance in India: A systematic review and synthesis for future research," Cogent Business & Management, Taylor & Francis Journals, vol. 7(1), pages 1803579-180, January.
    3. Daniela Covino & Rosa Malgeri Manzo, 2017. "The violation of human rights and the exploitation of youth in developing countries," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 0(1), pages 27-46.

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