The Private Regulation of Global Corporate Conduct

By D. Vogel. 2006

597 citations recorded by the source corpus.

The article assesses the achievements and limitations of the private regulation of global corporate conduct. Private regulation occurs through voluntary, private, nonstate industry and cross-industry codes that address labor practices, environmental performance, and human rights policies. The author argues that while private regulation has resulted in some substantive improvements in corporate behavior, it cannot be regarded as a substitute for the more effective exercise of state authority at both the national and international levels. Ultimately, private regulation must be integrated with and reinforced by more effective state-based and enforced regulatory policies at both the national and international levels.

Subfields: Organizational Behavior and Human Resource Management, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/bca329dbe245ad8c1622c6e817379296cf32d572

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In Organizational Behavior and Human Resource Management

In Strategy and Management

Citations in the corpus

Sustainability governance of chains and networks: a review and future outlook (2015, background): “away from ethical practice (Vogel, 2010; Wheeler et al., 2003) and towards determining the business case for CSR (also see Porter and”
Governance without a state: Can it work? (2010, background): “Yet at times it is the sole effective regulation that exists (Vogel 2009).”
How Do Firms Comply with International Sustainability Standards? Processes and Consequences of Adopting the Global Reporting Initiative (2015, background): “Furthermore, this ‘soft’ regulation of corporate conduct has often been criticized for being less effective than government regulation, particularly in developed countries (Vogel, 2010).”
The Corporate Elite Community Structure of Global Capitalism (2016, background): “Many new forms of private transnational regulation have emerged, wherein corporations, think tanks and international organisations work with and alongside states to set standards and build necessary institutions to support global capitalism (Bartley 2007, Vogel 2010).”
The government of self-regulation: on the comparative dynamics of corporate social responsibility (2011, background): “…purposively and strategically through CSR, either for liberalizing specific areas of social and political life (Shamir, 2004a, 2008) or for enhancing indirectly market and civil society pressures on corporations to behave in a socially responsible manner (McBarnet, 2007; Vogel, 2010; Zerk, 2006).”
Outsourcing governance: states and the politics of a ‘global value chain world’ (2017, background): “…been lamented by many, arguing that private governance cannot be considered an effective or legitimate substitute for public governance, and that public and private governance can be, increasingly are, and need to be complementary (Mayer and Gereffi 2010, Vogel 2010, Esbenshade 2012, Locke 2013).”
Standardization as Institutional Work: The Regulatory Power of a Responsible Investment Standard (2012, background): “…2000) features associated with the distributed nature of standards, with which corporate social responsibility and corporate citizenship (Moon, Crane & Matten, 2011), business selfregulation (Vogel, 2010), and international accountability standards (Gilbert et al., 2011) are often associated.”