By National Research Council, Division of Behavioral and Social Sciences and Education, Policy and Global Affairs, Roger McElrath
ISBN-10: 0309088615
ISBN-13: 9780309088619
ISBN-10: 0309516757
ISBN-13: 9780309516754
Over the previous part century, the foreign circulate of products, providers, and capital has grown speedily. Globalization creates new monetary, cultural, and social possibilities, but in addition poses the problem of making sure that employees during the global proportion in those possibilities. Responding to this problem, the U.S. govt includes out numerous guidelines and courses geared toward encouraging larger attractiveness of employee rights around the world. The U.S. division of kingdom screens employee rights overseas and studies at the prestige of these rights as a part of its annual report back to Congress within the nation studies on Human Rights Practices. construction in this background of tracking and inspiring employee rights all over the world, the exchange Act of 2002 comprises at the record of total alternate negotiating goals of the USA, advertise appreciate for employee rights.
Monitoring overseas exertions Standards presents specialist, science-based suggestion on tracking compliance with overseas hard work criteria. This record identifies correct, legitimate, trustworthy, and worthwhile assets of country-level info on exertions criteria; assesses the standard of current and capability facts and signs that may be used to systematically display screen exertions practices and the effectiveness of enforcement which will ascertain compliance with nationwide hard work laws and foreign criteria; identifies leading edge measures to figure out compliance with foreign hard work criteria on a country-by-country foundation and to degree development on better exertions laws and enforcement; explores the connection among exertions criteria compliance and nationwide guidelines when it comes to human capital matters; and recommends sustainable reporting strategies to observe international locations' development towards implementation of overseas hard work standards.
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Additional info for Monitoring International Labor Standards: Summary of Domestic Forums
Sample text
Although financial fraud lay behind most recent corporate revelations, companies might also have hidden liabilities with respect to the labor standards under which foreign workers are producing their products. Investors should be just as concerned about the labor rights records of companies as they are about financial misdeeds; the reason is that a firm’s reputation, and thus its stock price, can be severely damaged by consumer boycotts and worker lawsuits in response to working conditions that violate ILS.
Mr. DeLuca said that TRU has a corporate code of conduct for suppliers. When a new supplier is being considered or if there is a suspicion that a problem exists in a current supplier factory, an audit, based on TRU’s code 38 SUMMARY OF DOMESTIC FORUMS of conduct, is performed to get a quick picture of the factory’s labor standards. TRU uses an external monitoring group for this type of audit. If TRU intends to establish a long-term and more financially significant relationship, the company requires that the supplier become SA8000 certified.
Investors should be just as concerned about the labor rights records of companies as they are about financial misdeeds; the reason is that a firm’s reputation, and thus its stock price, can be severely damaged by consumer boycotts and worker lawsuits in response to working conditions that violate ILS. The reputational risk is real: In a recent survey of Canadians, 55 percent of the respondents said that they considered conditions of production when they bought products, and 44 percent said that ethical concerns had led them to boycott a company’s product in the previous year.