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Article

Access_open The OECD Guidelines for Multinational Enterprises on Responsible Business Conduct

Soft Law with Hard Consequences

Journal The Dovenschmidt Quarterly, Issue 4 2013
Keywords Corporate Social Responsibility, Responsible Business Conduct, Supply chain responsibility, Labor standards, Human rights
Authors Roel Nieuwenkamp
AbstractAuthor's information

    OECD Guidelines for Multinational Enterprises are the most comprehensive international public standard on all areas of CSR with 46 adherent governments. The unique feature of the Guidelines is its grievance mechanism. The National Contact Points for the OECD Guidelines serve as a complaints and problem solving mechanism for trade unions and NGO’s related to for example human rights and labor standards. Since 2011 the Guidelines apply not only to investments but also to global supply chains. The concept of CSR Due Diligence in the supply chains is now a key pillar of CSR.


Roel Nieuwenkamp
Prof. Dr. Roel Nieuwenkamp is Chair of the OECD Working Party on Responsible Business Conduct. In this capacity, he supervises the corporate responsibility work of the OECD, invests in outreach to non-adherent countries and provides leadership to CSR programmes, e.g. on the financial sector, mining sector, etc. Since 2010, he is part-time professor of public administration at the University of Amsterdam.

    The Dutch non-profit Centre for Research on Multinational Corporations (SOMO) and Amnesty International – Netherlands (AI-NL) commissioned in 2012 a study on transparency of multinational enterprises to the Utrecht University’s Molengraaff Institute for Private Law. With this study SOMO and AI-NL aim to substantiate the need for enhancing corporate transparency in order to stimulate responsible business conduct and be able to hold companies to account for adverse impacts they cause or contribute to.


Joris Oldenziel
Joris Oldenziel is program manager and senior researcher at the Centre for Research on Multinational Corporations (SOMO).

Heleen Tiemersma
Heleen Tiemersma is business and human rights specialist at Amnesty International.
Article

Access_open Microfinance: Dreams and Reality

Journal The Dovenschmidt Quarterly, Issue 2 2013
Keywords microfinance, economic development, microfinance success, Institutions, law and economics
Authors Katherine Helen Mary Hunt
AbstractAuthor's information

    Microfinance is an area of research whose popularity is reflected by the unique potential for wide-ranging socioeconomic outcomes that support political goals unmatched by alternative avenues for financial support. However, despite the large amounts of financial resources funding microfinance across the world, and glorious potential economic benefits, there is no consensus regarding the success or failure of microfinance in achieving socioeconomic political goals. This article examines the empirical literature on microfinance to establish where microfinance has developed from, the organization of microfinance institutions (MFIs), the success or failure of microfinance, and future research methodological possibilities. It has been found that the success or failure of microfinance depends on the benchmarks to which it is measured. From a social empowerment perspective, microfinance success has been observed. However, from an economic development perspective the results are equivocal. The success of microfinance is related to the mission of DQ because of the interdisciplinary approach to research and the effects of microfinance across social and economic fields. Further, microfinance continues to be an avenue for the practical realization of corporate social responsibility (CSR) organizational goals and thus it is of relevance to evaluate success in this industry to ensure the efficient and continued achievement of political goals.


Katherine Helen Mary Hunt
Erasmus University Rotterdam, Rotterdam Institute of Law and Economics.
Article

Access_open Climate Change

A Major Challenge and a Serious Threat to Enterprises

Journal The Dovenschmidt Quarterly, Issue 1 2013
Keywords volgt
Authors Elbert R. de Jong and Jaap Spier
AbstractAuthor's information

    volgt


Elbert R. de Jong
Elbert de Jong is PhD candidate at the Molengraaff Institute for Private Law, Utrecht University.

Jaap Spier
Jaap Spier is Advocate-General in the Supreme Court of The Netherlands and Honorary Professor at Maastricht University.
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