ANALYSIS ON THE PRINCIPLES OF RESPONSIBLE BUSINESS CONDUCTS UNDER INTERNATIONAL AND NATIONAL CONTEXT

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Abstract
  • This paper attempts to analyze the Principles of Responsible business conducts in international legal framework and the enforcement of the principles in National Law. Responsible business is the business which operates responsibly and efficiently in accordance with Laws and it considers its impact on people and environment. Myanmar is a country which is welcoming the investments of Multinational Enterprises (MNEs) for the economic development of country. It requires to question whether the principles under the international instruments can be enforced effectively and to what extent the MNEs are responsible for the environmental and social impact of their business activities. This paper aims to provide knowledge of the international principles of responsible business and law enforcement for the irresponsible business practices of MNEs. In order to provide the knowledge of the principles of Responsible Business, it studies the ILO Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy (MNE Declaration), United Nations Guiding Principles on Business and Human Rights (UNGPs) and OECD Guidelines for Multinational Enterprises. It examines the leading cases that decides on the extent of responsibility of MNEs for the negative impact of their business practices and of their supply chain businesses. The study concludes that MNEs have responsibility not only for conduct of themselves but also for their supply chain businesses’ irresponsible business conducts by means of enforcement the principles at national court.
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  • 17. Dr Nan Kham Mai(201-212).pdf
Year
  • 2021
Author
  • Nan Kham Mai
Subject
  • Economics+ Tourism+ Law
Publisher
  • Myanmar Academy of Arts and Science (MAAS)

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