Global Governance: The Case of Global Nongovernmental Regimes

摘要

As more corporations span the globe, they run into problems of ethics and conduct with the same dimension. How can these problems be addressed when no country has jurisdiction? In many cases, industries are forming self-regulating regimes that adopt operational guidelines, codes of conduct, reporting, and perhaps certification schemes. Among numerous examples, the authors concentrate on two: the Kimberley Process, a U.N.-mandated program to certify rough diamonds as "conflict-free," and the Equator Principles, involving the social environmental challenges faced by banks engaged in project financing. These regimes help illustrate the strengths and weakness of various organizational and operational challenges faced by such regimes regarding codes of conduct, ethical values, accountability mechanisms, administrative structures, decisions-making, and governance.