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Corporate accountability: battlefield or graveyard? September 2, 2002

Posted by elizabethwong in Environment, Features, International, Writings.

Yet another buzzword will reverberate from this year’s World Summit on Sustainable Development corridors — “corporate accountability”.

Environmental activists are adamant in demanding for an international and legally binding framework, to settle once and for all, corporate accountability and liability. On the other side, multinational corporations and many government representatives will attempt to dilute the framework, stagnating it to an unregulated, non-binding and voluntary area.

Social and environmental activists are increasingly concerned of the growing power and influence of multinational corporations around the world. This has manifested in various forms and levels of resistance including the much-quoted Seattle and Genoa protests.