City Research Online

Abstract

In this article, I provide a critical analysis of the politics of corporate social responsibility. I argue that corporate social responsibility is a strategy that enables multinational corporations to exercise power in the global political economy. Using the global extractive industries as a context, I focus on conflicts between communities, the state and multinational corporations that arise owing to the negative social and environmental impacts of mining and extraction. In particular, I analyse the role of political corporate social responsibility and multi-stakeholder initiatives in managing conflicts and argue that these initiatives cannot take into account the needs of vulnerable stakeholders. Power asymmetries between key actors in the political economy can diminish the welfare of communities impacted by extraction. Several governance challenges arise as a result of these power asymmetries and I develop a translocal governance framework from the perspective of vulnerable stakeholders that can enable a more progressive approach to societal governance of multinational corporations.

Publication Type:	Article
Additional Information:	Banerjee, S. B., Transnational politics and translocal governance: The politics of corporate responsibility, Human Relations. Copyright © 2017 the authors. Reprinted by permission of SAGE Publications.
Publisher Keywords:	corporate social responsibility; power; multinational corporations, governance; marginalized stakeholders
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management J Political Science > JF Political institutions (General)
Departments:	Bayes Business School > Management
SWORD Depositor:	Symplectic Administrator

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