Keywords
accountability;
CSR;
ethics
responsible business practices
Categories
How to Cite
Abstract
In today's global economy, multinational corporations (MNCs) wield substantial influence across industries, economies, and societies worldwide. This article addresses the vital issue of holding MNCs accountable for their actions. As MNCs navigate complex supply chains, diverse stakeholders, and intricate operational structures, the imperative for ethical, environmental, and social compliance becomes pronounced. The challenge lies in establishing accountability for these transnational entities, given the limitations of traditional regulatory frameworks. Various mechanisms have emerged to bridge this accountability gap, encompassing domestic and international regulations, industry-led initiatives, and civil society interventions. This article offers an inclusive overview of these mechanisms, analysing their strengths and limitations, and assessing their real-world efficacy. By examining the diverse approaches, the article contributes to discussions on fostering responsibility in an interconnected business landscape.
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