1. LEB Lecture 3 Case 3 Matti Rudanko

2. Case : Corporate Social Responsibility, Business Ethics and Regulation Task: 1.CSR: Business and Legal Aspects 2.Interplay between Law and Ethics on the Markets 3.Significance of Corporate Values

3. Lecture 3: Slides Slide sets: 6 LEB Lecture 3 3

4. Search of Regulation Material Links to Finnish legislation translations : http://www.finlex.fi/en/laki/kaannokset/haku/?search%5Btype%5D=pika&se arch%5Bpika%5D=Act+on+Investment+Firms&submit=Search http://www.finlex.fi/en/laki/kaannokset/haku/?search%5Btype%5D=pika&se arch%5Bpika%5D=Act+on+Investment+Firms&submit=Search The Finnish Sale of Goods Act: http://www.finlex.fi/en/laki/kaannokset/1987/en19870355.pdf http://www.finlex.fi/en/laki/kaannokset/1987/en19870355.pdf The Finnish Contracts Act: http://www.finlex.fi/fi/laki/kaannokset/1929/en19290228.pdf http://www.finlex.fi/fi/laki/kaannokset/1929/en19290228.pdf CISG: http://www.cisg.law.pace.edu/cisg/text/treaty.htmlhttp://www.cisg.law.pace.edu/cisg/text/treaty.html Unidroit Principles: http://www.unidroit.org/english/principles/contracts/principles2010/integralv ersionprinciples2010-e.pdf http://www.unidroit.org/english/principles/contracts/principles2010/integralv ersionprinciples2010-e.pdf Links to EU legislation: http://eur-lex.europa.eu/en/tools/sitemap.htm (by indicated search keys, e.g. document number)http://eur-lex.europa.eu/en/tools/sitemap.htm LEB Lecture 3 4

5. Other Material and Further Reading Peter Fleming (Queen Mary's University) - Marc T Jones (Ashridge Business School): The End of Corporate Social Responsibility. Crisis and Critique (SAGE Publications Ltd 2013, 144 pages) http://www.uk.sagepub.com/books/Book234489 Exam textbook: Bagley, Constance E., Dauchy Craig E. (2012) The Entrepreneur's Guide to Business Law (4th ed., Cengage Learning) On CSR, corporate governance, risk management etc.: https://noppa.aalto.fi/noppa/kurssi/32e28000/materiaali?state:Course Dynamic=BrO0ABXcgAAAAAgAAGWVkaXRVc2VyV2FudHNUb0NoYW 5nZUZpbGVzcgARamF2YS5sYW5nLkJvb2xlYW7NIHKA1Zz67gIAAVo ABXZhbHVleHAAdxoAABdhZGRNYXRlcmlhbERpYWxvZ0hpZGRlbnN xAH4AAAE%3D https://noppa.aalto.fi/noppa/kurssi/32e28000/materiaali?state:Course Dynamic=BrO0ABXcgAAAAAgAAGWVkaXRVc2VyV2FudHNUb0NoYW 5nZUZpbGVzcgARamF2YS5sYW5nLkJvb2xlYW7NIHKA1Zz67gIAAVo ABXZhbHVleHAAdxoAABdhZGRNYXRlcmlhbERpYWxvZ0hpZGRlbnN xAH4AAAE%3D LEB Lecture 3 5

6. Possible Tasks and Questions LEB Lecture 3 6 1. Corporate Social Responsibility: legal aspects2. Ethical evaluation of business 3. Law and ethics: their mutual relationship and their significance as factors shaping international market environment 4. What is the significance of ”codified values” in companies? 5. Should the social, cultural and economic differences between industrial and developing countries be leveled by means of regulation of international trade? Cf. the classic discussion on the role of regulation on the markets (visible / invisible hand).

7. Topics and Issues The Normative Framework of International Business Law and ethics as normative systems Ethic evaluation of business Patterns of regulation Mandatory and non-mandatory law Soft law: model laws and contracts Self regulation Contract Law Regulation (liabilities of parties) Sale of Goods Act (national) CISG Unidroit Principles British Law? International private law (choice of law) International procedural law (choice of court, enforcement of judgments) Regulatory Framework of International Trade WTO, GATT, UN, OECD etc. Multilateral and bilateral conventions TRIPS, environment, climate, biodiversity, endangered species etc. LEB Lecture 3 7