Sovereigns, Socially Responsible Investing, and the Enforcement of International Law Through Portfolio Investment and Shareholder Activism: The Three Models
Year: 2014
Type: article
Abstract: There are currently about 50,000 multinational enterprises ("MNEs"), which, along with 450,000 affiliates, employ more than 200 million people around the world. 1 The MNEs' transborder activities-their transfer of tangible or intangible assets and the transport of equipment and physical property for the purposes of plant building, manufacturing, and wealth creation for the MNEs in general-are foreign direct investment ("FDI") with significant human and environmental consequences.Not surprisingly, then, the conversations surrounding corporate social responsibility ("CSR") in international investments often involve framing the discussions from the FDI lens, usually in three forms: (1) analyzing the existing instruments of international soft law that aim to address the respective roles of the state and MNEs in protecting and promoting human rights principles; 2 (2) considering the questions of universal jurisdiction and how national courts can deal with transnational corporate misconduct arising under either international customary law or torts and
Author: Salar Ghahramani
Institution: Pennsylvania State University
Language: English
Subfield: Law
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W279384331