The article explores the existing plethora of different types of private regulation in the CSR arena and proposes a method of assessing whether transnational private regulation is effective.

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Publication date
Wednesday, 23 April, 2014
Author
Martijn Willem Scheltema

The article combines legal, economic, sociological and psychological approaches to assessment to find ex ante indicators predicting the effectiveness of transnational private regulation and to establish ex post instruments to assess the effectiveness of existing transnational private regulation. Some examples of such a cohesive approach already exist in regards to standards, yet an overarching methodology enabling full comparison between different types of private regulation is still lacking. Multiple times when explaining the best practices for the design and implementation of social and environmental standards initiatives, the article refers to the Principles for Better Self- and Co-Regulation and the establishment of Community of Practice.

search_keywords
effectiveness, private regulation, multi-disciplinary approach, CSR, assessment