Chapter

Globalizing Corporate Citizenship: Political and Theoretical Considerations

Eliza Gaffney and Peter Newell

in The Responsible Corporation in a Global Economy

Published in print October 2011 | ISBN: 9780199592173
Published online January 2012 | e-ISBN: 9780191729058 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199592173.003.0011
Globalizing Corporate Citizenship: Political and Theoretical Considerations

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Here, the concept of corporate citizenship is used more normatively to explore what constitutes responsible corporate behaviour in a globalized economy. Global corporations do more than maximize profit for owners; they are also involved in processes and decisions that relate to public matters. In doing so, for-profit corporations find themselves and/or position themselves as actors reconstituting the global public domain as they seek to assert their legal and economic rights on national and international levels. Yet, these rights are not balanced with mechanisms to ensure that corporations also fulfil any obligations or duties to the communities around the globe in which they operate. The chapter draws on liberal and cosmopolitan ideas of citizenship to explore how ideas of ethics and responsibility might apply to corporations in the twenty-first century.

Keywords: Corporate citizenship; global public domain; global governance; new institutions; corporate rights and responsibilities

Chapter.  11437 words. 

Subjects: Corporate Governance

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