Study On The Social Responsibility Of Transnational Corporation

The social responsibility of transnational corporations has been being a focus topic with the increasing studying on the corporate social responsibility. Because of the systematic of transnational corporations, the subsidiary companies go hand in hand with the parent company, although they are located in different countries. Meanwhile, the economy, polity and culture differ from home country to host country. The systematic and differences bring lots of profit, which makes the transnational corporations continuously expand, so the conflicts between corporations and labors, consumers, stockholders and governments are going deeper. High expectation has been set for that the transnational corporations could make contribution for the whole world. The main purposes of this paper are to clarify the overall meaning and content of the transnational corporation social responsibility by analyzing the existing legal theory study, and to try to solve several problems brought by the transnational corporationsThere are four parts in this paper. In the first part, the general overview of the social responsibility of transnational corporations is surveyed. Some concepts and main theories of corporation social responsibilities are introduced at the beginning, which also apply to the transnational corporations. And on the basic of the knowledge above, the subject of right and obligation and the distribution of the social responsibility between the parent company and subsidiary companies are discussed later.The second part is about the current condition of the social responsibility how the transnational corporations are conducting in; also the reasons and problem solutions are analyzed. The transnational corporation social responsibility contains six kinds of social responsibilities, in which ones the parent company and subsidiaries take various obligations. Transnational companies always utilize the dividing laws and regulations of host country and home country to pursue more profit, which may damage the interests of other individual and organizations in the meantime. So the solutions are discussed.The third part is about the laws that can be used to progress the transnational corporations' social responsibility. The corporation governance norms the chairman and company managers to become a leader who help the transnational corporations be more responsible during the decision-making process. And other departmental laws release the rules the companies must observe, that is another important way to develop the companies'responsibility. Also some International standards are truly useful.The forth part is mainly to chase the way to strengthen the social responsibility of transnational corporations in China. China is a developing host country. Its legal environment is not good enough to monitor the rich transnational corporations. The main content of this part is some advices to advance the Chinese legal environment and make these corporations under control and more responsible.