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The Evolution And Endpoint Of Responsibility: The Fcpa, Sox, Leftist Leaders, Gratuitous Promises, And A Novel Csr Code, Aaron N Einhorn

Aaron N Einhorn

Over the past thirty years, multinational corporations have emerged as engines of global development and have enjoyed increased political and economic power. In order to control this power, states and intergovernmental organizations have placed greater and greater responsibilities upon corporations. Passage of the Foreign Corrupt Practices Act in 1977, for example, required corporations to establish internal controls and imposed vicarious liability for third parties acts of bribery. Amendments to the Foreign Corrupt Practices Act in 1998 expanded corporate responsibility under the Act even further. Subsequently, in 2002, the United States passed the Sarbanes-Oxley Act, restructuring the very systems of governance …