Explain the objectives of the United Nations code of conduct for transnational companies

Question

What will be an ideal response?

Answer 1

A United Nations effort to prevent misconduct by transnational corporations has been promulgated. Four objectives include:
1. Respect for national sovereignty in countries where such companies operate. Often transnational companies operate in developing nations where governments are less stable and more corrupt, making this goal very difficult to achieve.
2. Adherence to sociocultural values. The code seeks to prevent transnational companies from imposing value systems that are detrimental to those of the host country.
3. Respect for human rights. Companies should not discriminate on the basis of race, color, sex, religion, language, or political or other opinion. In developing nations, achievement of this goal is sometimes very difficult when the host country does discriminate on the basis of some of these factors.
4. Abstention from corrupt practices. Transnational corporations shall refrain from the offering, promising, or giving of any payment, gift, or other advantage to a public official or refrain from performing a duty in accordance with a business transaction.