Corporate Social Responsibility in Foreign Countries

1202 Words3 Pages

When it comes to companies operating in multiple countries with varying standards, companies should realize that they have to practice some level of corporate social responsibility if they don’t want to be publicly scorned or looked down upon in their home country. Over the past several years, companies have been experiencing pressure through their stakeholders and their consumers to show how they are committed to prevent human rights violations and environmental pollution. According to an article written by Dr. Tulder, “a strict approach, such as firing child workers or terminating relationships with companies that employ them, does not necessarily change underlying causes” (Tulder 260). In his research, it has been found that when a company does this that it can even worsen the child’s situation by driving them to a more hazardous line of work. With regards to this, companies should consider what is and is not acceptable forms of child labor in foreign countries. For instance, “tolerable might be ‘light work’ which is not likely to be harmful to a child’s health or development, which will not affect their attendance at school, and whether the child is at least thirteen years of age” (Tudler 262). Companies should also realize that unacceptable child labor “are all kinds of abusive, exploitable, and dangerous work. Or anything that involves any form of slavery such as; the sale and trafficking of children, debt bondage, and forced recruitment of children for use in armed conflict” (Tulder 262). Companies that are operating in countries that are experiencing any sort of economic hardship that might not adhere to these same standards should enact a policy that deals with these issues that puts the child’s safety first. Multi-nati... ... middle of paper ... .... Although the adoption of such codes or regulations might raise expectations that companies cannot always fulfill, there is no fear of not taking action backfiring against them in the future. “Negative publicity and damage to the company image is thought to be much greater if companies do not address this problem” (Thelder 269). Many multi-national companies share the view that they need to play their own role when it comes fair labor standards and safe working conditions in foreign countries, and that they must take responsibility to do whatever they reasonably can. Works Cited Lahiri, S. 2005. “Will fair trade sanctions reduce child labor? The role of credit markets.” Journal of Development Economics, 68, 137-156. Thelder, R. 2002. “The effectiveness of self regulation: Corporate Codes of Conduct and Child Labor.” European Management Journal, 20, 260-271.

More about Corporate Social Responsibility in Foreign Countries

Open Document