Monday, August 2, 2010

That's an international tribunal I'd like to see

"During the last 6 years, social movements and organisations from Latin America and Europe, connected through the Europe-Latin America bi-regional network Enlazando Alternativas, have repeatedly exposed how voluntary codes of conduct, which form part of the Corporate Social Responsibility (CSR) approach, have failed to tackle human rights and environmental abuses of Transnational Corporations (TNCs). These movements denounce the current system of legislation, where the rights of  TNCs “are guaranteed by the judicial fortress of the Lex Mercatoria, but responsibilities and obligations are unmentioned, left to the good will of corporations. So far, TNCs have successfully resisted any binding international code that includes obligations."

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