The Corporate Codes of Multinationals: Company Constitutions Beyond Corporate Governance and Co-Determination

CONFLICT OF LAWS AND LAWS OF CONFLICT IN EUROPE AND BEYOND: PATTERNS OF SUPRANATIONAL AND TRANSNATIONAL JURIDIFICATION, Rainer Nickel, ed., Hart, Oxford 2009

10 Pages Posted: 10 Jun 2009

See all articles by Gunther Teubner

Gunther Teubner

Johann Wolfgang Goethe Universität

Date Written: June 8, 2009

Abstract

Multinationals’ corporate codes react to both new perils in the working environment and the disappearance of traditional actors due to the globalisation process: the worldwide interlinking of markets, capital, and production facilitate a slackening of working conditions in developing countries and endanger social achievements in developed industrial states. The article argues that some, not all corporate codes are emergent legal phenomena in the constitutionalisation of private governance regimes. They are no longer mere public relations strategies; rather, they have matured into genuine civil constitutions - after the fashion of constitutional pluralism. Five observable trends are discussed in support of this contention: (I) Juridification, (II) Constitutionalisation, (III) Judicialisation, (IV) Hybridisation, and (V) Intermeshing.

Keywords: corporate governance, globalisation, constitution

JEL Classification: G3, K, K1, K12

Suggested Citation

Teubner, Gunther, The Corporate Codes of Multinationals: Company Constitutions Beyond Corporate Governance and Co-Determination (June 8, 2009). CONFLICT OF LAWS AND LAWS OF CONFLICT IN EUROPE AND BEYOND: PATTERNS OF SUPRANATIONAL AND TRANSNATIONAL JURIDIFICATION, Rainer Nickel, ed., Hart, Oxford 2009. Available at SSRN: https://ssrn.com/abstract=1416026

Gunther Teubner (Contact Author)

Johann Wolfgang Goethe Universität ( email )

Grüneburgplatz 1
Frankfurt am Main, D-60323
Germany
0049 69 71034781 (Phone)
0049 69 798-34405 (Fax)

HOME PAGE: http://www.jura.uni-frankfurt.de/ifawz1/teubner/

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