Scribd Logo
Upload

Welcome to Scribd!

  • 150 views

    TNC

    Uploaded by

    Ananya Mohan
    The document summarizes key codes and standards related to the social and environmental responsibilities of transnational corporations (TNCs). It outlines several international codes established between 1948-1977 to provide guidance on employment practices, consumer protection, environmental protection, human rights, and political involvement. The codes aim to ensure TNCs respect host country laws and priorities, protect individuals and the environment, uphold fair employment and human rights.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd

    TNC

    Uploaded by

    Ananya Mohan
    150 views10 pages
    The document summarizes key codes and standards related to the social and environmental responsibilities of transnational corporations (TNCs). It outlines several international codes established between 1948-1977 to provide guidance on employment practices, consumer protection, environmental protection, human rights, and political involvement. The codes aim to ensure TNCs respect host country laws and priorities, protect individuals and the environment, uphold fair employment and human rights.

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document summarizes key codes and standards related to the social and environmental responsibilities of transnational corporations (TNCs). It outlines several international codes established between 1948-1977 to provide guidance on employment practices, consumer protection, environmental protection, human rights, and political involvement. The codes aim to ensure TNCs respect host country laws and priorities, protect individuals and the environment, uphold fair employment and human rights.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    150 views10 pages

    TNC

    Uploaded by

    Ananya Mohan
    The document summarizes key codes and standards related to the social and environmental responsibilities of transnational corporations (TNCs). It outlines several international codes established between 1948-1977 to provide guidance on employment practices, consumer protection, environmental protection, human rights, and political involvement. The codes aim to ensure TNCs respect host country laws and priorities, protect individuals and the environment, uphold fair employment and human rights.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    You are on page 1of 10

    INTERNATIONAL CORPORATIONS

    Transnational companies (TNC) Multinational companies (MNC)

    MNC

    Multinational companies (MNC) have investment in other countries, but do not have coordinated product offerings in each country. They are more focused on adapting their products and service to each individual local market. LIKE Unilever, Proctor & Gamble, Mc Donald

    Transnational companies (TNC) are much more complex firms. They have invested in foreign operations, have a central corporate facility but give decision-making, R&D and marketing powers to each individual foreign market. Most of them come from petroleum, I.T. consulting, pharmaceutical industries among others. Examples are Shell, Accenture, Deloitte, Glaxo-Smith Klein, and Roche.

    TNC

    Multinational (MNC) and Transnational (TNC) companies are types of international corporations. Both maintain management headquarters in one country, known as the home country, and operate in several other countries, known as host countries.

    SIMILARITIES

    17-5

    INTERNATIONAL CODE
    Accord
    The United Nations Universal Declaration of Human Rights UDHR

    Year
    1948

    The European Convention on Human Rights

    ECHR

    1950

    The Helsinki Final Act

    Helsinki

    1975

    The OECD Guidelines for Multinational Enterprises

    OECD

    1976

    The International Labor Office Tripartite Declaration of Principles of Multinational Enterprises and Social Policy

    ILO

    1977

    The United Nations Code of Conduct on Transnational Corporations

    TNC Code

    1973

    17-6

    Employment Practices and Policies


    Policy should not contravene the manpower policies of host nations should respect the right of employees to join trade unions and to bargain collectively should develop nondiscriminatory employment policies and promote equal job opportunities should provide equal pay for equal work Organizatio n ILO ILO; OECD; UDHR ILO; OECD; UDHR ILO; UDHR

    should give advance notice of changes in operations, especially plant closings, and mitigate the adverse effects of these changes
    should, minimally, pay basic living wages to employees operations should benefit lower-income groups of the host nation

    ILO; OECD
    ILO; UDHR ILO

    17-7

    Consumer Protection
    Policy should respect host-country laws and policies regarding the protection of consumers should safeguard the health and safety of consumers by various disclosures, safe packaging, proper labeling, and accurate advertising Organizati on OECD; TNC Code TNC Code

    17-8

    Environmental Protection
    Policy Organization

    TNCs should respect host-country laws, goals, and priorities concerning protection of the environment
    TNCs should preserve ecological balance, protect the environment, adopt preventive measures to avoid environmental harm, and rehabilitate environments damaged by operations TNCs should disclose likely environmental harms and minimize risks of accidents that could cause environmental damage TNCs should promote the development of international environmental standards TNCs should control specific operations that contribute to pollution of air, water, and soils

    OECD; TNC Code; Helsinki


    OECD; TNC Code; Helsinki OECD; TNC Code TNC Code; Helsinki Helsinki

    TNCs should develop and use technology that can monitor, protect, and OECD; enhance the environment Helsinki

    17-9

    Human Rights and Fundamental Freedoms


    Policy Organizati on
    UDHR; ECHR; Helsinki; ILO; TNC Code UDHR; Helsinki; ILO; TNC Code UDHR; ECHR; Helsinki; ILO; TNC Code UDHR; Helsinki; ILO; TNC Code UDHR; Helsinki; ILO; TNC

    TNCs should respect the rights of all persons to life, liberty, security of person, and privacy

    TNCs should respect the rights of all persons to equal protection of the law, work, choice of job, just and favorable working conditions, and protection against unemployment and discrimination TNCs should respect all persons freedom of thought, conscience, religion, opinion and expression, communication, peaceful assembly and association, and movement and residence within each state TNCs should promote a standard of living to support the health and wellbeing of workers and their families TNCs should promote special care and assistance to motherhood and childhood

    17-10

    Political Payments and Involvement


    Policy TNCs should not pay bribes or make improper payments to public officials TNCs should avoid improper or illegal involvement or interference in the internal politics of host countries TNCs should not interfere in intergovernmental relations Organiza tion OECD; TNC Code OECD; TNC Code TNC Code

    You might also like