Download This PaperCompliance as an Exchange of Legitimacy for Influence
The Oxford Handbook of Global Legal Pluralism (Paul Schiff Berman (ed.) 2020)
18 Pages Posted: 22 Oct 2020 Last revised: 23 Oct 2020
Date Written: October 7, 2020
Abstract
This chapter explains how corporate compliance with nonbinding international institutions results from an exchange of legitimacy for influence. Actors outside a corporation bestow legitimacy upon a corporation in exchange for influence over that corporation’s practices or policies.In this exchange, a corporation gains legitimacy and the external actor gains influence over the corporation.6 This dynamic immediately prompts three essential questions explained in this chapter: (1) why would a corporation permit such influence, (2) what types of actors wield such influence, and (3) how is this influence exercised?
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