CORPORATE SOCIAL RESPONSIBILITY, SOCIAL CONTRACT, CORPORATE PERSONHOOD AND HUMAN RIGHT LAW: UNDERSTANDING THE EMERGING RESPONSIBILITIES OF MODERN CORPORATIONSExpressO (2007)
AbstractThe social contract theory has been advanced as a theoretical basis upon which to explain the current practice of Corporate Social Responsibility (CSR) by corporations. Similarly starting from the 17th century the social contract concept has been used to justify human rights. The concept was the foundation of the constitution/ legal basis of many western states starting with England, U.S and France. Business ethicists and philosophers have tried to construct and analyse the social responsibility of corporations from a social contract perspective without linking it to human rights or the political social contract. This paper posits that there is no need for a separate social contract between society and business and that a proper understanding of the legal status of today’s corporation would recognize them as new entrants into the existing social contract. The consequence of this for international human rights law would be that the corporations as ‘persons’ would stand in the same position as natural persons under the law.
Publication DateAugust, 2007
Citation InformationOlufemi O Amao. "CORPORATE SOCIAL RESPONSIBILITY, SOCIAL CONTRACT, CORPORATE PERSONHOOD AND HUMAN RIGHT LAW: UNDERSTANDING THE EMERGING RESPONSIBILITIES OF MODERN CORPORATIONS" ExpressO (2007)
Available at: http://works.bepress.com/olufemi_amao/1/