An Assessment of the Effectiveness of International Private Regulation in the Corporate Social Responsibility Arena

Abstract

The effectiveness of international private regulation can be assessed from many perspectives, including legal, behavioural, governance and consequential aspects, impact, acceptance/governance and behavioral aspects. Although all of these perspectives are of importance and, indeed, intertwined, this contribution focuses on the legal aspects. The legal aspects involve the objectives of the international private initiatives, whether the norms are specific, whether there is regular evaluation involving relevant stakeholders, whether the initiatives provide ‘conflict of law’ rules in connection with other private standards or public regulation, enforcement of private regulation, and conflict resolution.