Corporate Shirking; A Humane Approach
Author : Parivarthana Gali
Abstract :
The purpose of this essay is to examine how multinational enterprises ("MNEs") and their operational methods have posed a potential threat to corporate governance, sustainability, and labour protection through their subsidiaries in developing countries. This essay uses legal research compiled from a variety of reliable legal articles, journals, and reviews as primary sources. As part of the legal research, the post-pandemic layoffs, corporate failures, mass tort litigations and the MNEs as parent companies not coming out of the bedsheet of limited liability have been overlooked. In light of the author's observations, unaccountable international forum is suggested as a means to address corporate governance and sustainability issues, to hold multinational corporations accountable, to ensure that poor victims are compensated, along with pragmatic economic policies and to encourage companies to engage in voluntary CSR programs.
Keywords :
Corporate governance, mass layoffs, sustainability, home and host country, corporate veil, labour exploitation
