Table of Contents

International Documents on Corporate Responsibility

International Documents on Corporate Responsibility

Edited by Stephen Tully

International Documents on Corporate Responsibility includes the principal international, regional and national instruments drafted by intergovernmental organisations or states as well as codes of conduct formulated by industry associations, trade unions and non-governmental organisations. The coverage includes the fields of human rights, international criminal and environmental law, labour standards, international trade, armed conflict, sustainable development, corruption, consumer protection and corporate governance. Each document is accompanied by a brief explanatory commentary outlining the historical origins of the instrument, the principal actors involved, controversial negotiation issues, applicable implementation procedure, and identifies further reference material.

Chapter 97: Additional initiatives

Edited by Stephen Tully

Subjects: law - academic, company and insolvency law, corporate law and governance

Extract

i. EU: Code of Conduct for Arms Exports, 1998 Commentary: The Code identifies eight considerations relevant to issuing export licences for military equipment. These include: respect for existing international legal commitments; the risk that exports may be used for internal repression or violating human rights; the likelihood of provoking or prolonging armed conflicts or aggravating existing tensions within States or regionally; national security interests; the importing country’s policies with respect to terrorism, crime, international legal compliance and non-proliferation; the risk of equipment being diverted or reexported; and whether sustainable development will be hampered. Furthermore: ‘It is recognised that Member States, where appropriate, may also take into account the effect of proposed exports on their economic, social, commercial and industrial interests, but that these factors will not affect the application of the above criteria’ (paragraph 10). The Code has recently been reviewed for the first time: see the Sixth Annual Report (2004) OJEC C316/47. See also, the European Council’s Common position 2003/468/CFSP on the control of arms brokering.

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