Search Penny Hill Press

Monday, February 28, 2011

Codes of Conduct for Multinational Corporations: An Overview

James K. Jackson
Specialist in International Trade and Finance

The U.S. economy has grown increasingly interconnected with other economies around the world, a phenomenon often referred to as globalization. As U.S. businesses expand globally, however, various groups across the social and economic spectrum have expressed their concerns over the economic, social, and political impact of this activity. Over the past 20 years, multinational corporations and nations have adopted voluntary, legally enforceable, and industryspecific codes of conduct to address many of these concerns. For instance, the 2008-2009 financial crisis spurred Congress and governments in Europe to increase regulation of financial firms, and the European Union has adopted directives to govern executive pay and bonuses. Congress will continue to play a pivotal role in addressing the large number of issues regarding internationally applied corporate codes of conduct that remain to be negotiated.

Date of Report: February 14, 2011
Number of Pages: 9
Order Number: RS20803
Price: $19.95

Follow us on TWITTER at or #CRSreports

Document available via e-mail as a pdf file or in paper form.
To order, e-mail
Penny Hill Press  or call us at 301-253-0881. Provide a Visa, MasterCard, American Express, or Discover card number, expiration date, and name on the card. Indicate whether you want e-mail or postal delivery. Phone orders are preferred and receive priority processing.