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Article: The multinational and the "new stakeholder": examining the business case for human rights.
- Article from:
- Vanderbilt Journal of Transnational Law
- Article date:
- March 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Vanderbilt University, School of Law. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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I. INTRODUCTION
There was once a time in the United States when corporate executives were white men in suits, men who had to think of nothing other than maximizing the profits of their companies--companies whose only stakeholders were shareholders.
Some of the realities of doing business in the global economy include the concerns of new stakeholders such as these:
* Soccer moms who refuse to buy a famous line of soccer balls after reading reports that they are hand sewn in Pakistan by children. (1)
* Talented African-American MBAs who will not interview with a company because it has a poor record of promoting minorities; (2)
* ...