Corporate Responsibility and/or Liability in the Globalization Context

Abstract

We live in times where we have to learn to come together, to join, although the geographical distances between us are great. We owe it (or is due to) the phenomenon of globalization. Globalization affects our lives and, at the same time, challenges us. The process of globalization gives a new challenge for the humanity by the emergence of transnational corporations. How do we handle them? Can they operate on the basis of management only in their own interests or do they have social obligations? But can they operate on the basis of a minimum legal (juridical) code or does it require a deliberate assumption of moral responsibility? It seems that by looking at the specialty literature, we can see that, in the context of globalization, companies should adopt, in addition to those written rules, a minimum standard of non-specific rules (morals) specific to a community at a time. Thus, going beyond legal responsibility to corporate moral responsibility balances the relationship between business and society. Moreover, it helps the business to withstand the market and at the same time to participate in the common good. Research on this topic has resulted in the development of the concept of Corporate Social Responsibility. The concept could help corporations to develop a management that can meet both the requirements of the economy and the demands of society. The assertion can be argued by the existence of constituent components of the concept of economic, social and ethical domains