Overview
- Includes a realistic case scenario dealing with international supply chain disputes arising from the violation of a core provision of the supply chain leader’s supplier code of conduct
- Provides a detailed proposal directed at companies and the legislators for the establishment or the improvement of the internal and external corporate ethics and CSR system to avoid greenwashing and window-dressing and to achieve a win-win situation for both investors and other stakeholders
- Compares diverse legal systems of China, the USA, and Austria in terms of legal requirements for codes of business ethics and conduct and CSR reporting and analyzes for the first time eleven of China’s, Austria’s, and the USA’ largest corporations’ business ethics and CSR policies
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Table of contents (7 chapters)
Keywords
- CSR in China, Austria and the USA
- Consolidations of arbitrations
- Violation of code of business conduct and ethics
- Supplier code of conduct
- Supply chain disputes
- Long-term profit maximization
- Joinders of additional parties in arbitrations
- Shareholder value vs. stakeholder value
- Loss of profits caused by loss of reputation
- Global Reporting Initiative GRI Standards
About this book
This book introduces an ethics and CSR system recommending a reward-based whistleblowing mechanism, internal oversight by a CSR and Ethics Committee comprised of independent board members and at least one sustainability expert, and an external, independent and comprehensive assurance of CSR reports provided by auditing firms or newly formed governmental agencies consisting of certified CSR experts.
The author emphasizes the significance for supply chain leaders to ensure contractual enforcement of their codes of business ethics and conduct along the supply chain. Against this background, the author created a comprehensive fictitious case scenario covering a supply chain dispute arising from the breach of the supply chain leader’s code of business conduct and ethics by a lower-tier supply chain member. The author acknowledges the fact that in most of the cases the governing law of international supply chain contracts is English law or law based on English law. Thus, the author discusses potential contractual claims for damages arising from a loss of profits caused by a loss of reputation resulting from violations of core provisions of the chain leader’s supplier code of conduct pursuant to English law.
As international supply chain disputes usually involve more than two parties, and international arbitration is the ideal means for the resolution of these disputes, the book compares the arbitration rulesfor consolidations and joinders of some of the most significant international arbitration institutions: SIAC, ICC, AIAC, ICDR, VIAC, CIETAC and HKIAC.
The book is directed at legal practitioners, legislators of various jurisdictions, board members of corporations, ethics and compliance officers, academics, researchers and students. It is the author’s main goal that the book serves as an inspirational source for the establishment or the improvement of a corporate ethics and CSR system preventing window-dressing and greenwashing and covering the entire supply chain. Furthermore, it is intended that students develop a deeper understanding for the enforcement of corporate ethics and CSR policies.
Authors and Affiliations
About the author
Bibliographic Information
Book Title: CSR and Codes of Business Ethics in the USA, Austria (EU) and China and their Enforcement in International Supply Chain Arbitrations
Authors: Adolf Peter
DOI: https://doi.org/10.1007/978-981-33-6073-0
Publisher: Springer Singapore
eBook Packages: Religion and Philosophy, Philosophy and Religion (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2021
Hardcover ISBN: 978-981-33-6072-3Published: 24 February 2021
Softcover ISBN: 978-981-33-6075-4Published: 24 February 2022
eBook ISBN: 978-981-33-6073-0Published: 23 February 2021
Edition Number: 1
Number of Pages: XVII, 225
Number of Illustrations: 1 b/w illustrations, 5 illustrations in colour
Topics: Business Ethics, Dispute Resolution, Mediation, Arbitration, Sustainable Development