Saved under CorpWatch, RLO - Social, Social
Tags: Competition, Consumption, Cost Externalization, Financial Crisis, Free Markets, Governance, Health, Human Rights, Labor Force, Regulation, Systemic Risk
CorpWatch believes “the actions, decisions, and policies undertaken and pursued by private corporations have very real impact on public life – from individuals to communities around the world. Yet few mechanisms currently exist to hold them accountable for those actions. As a result, it falls to the public sphere to protect the public interest.
“In many cases, corporate power and influence eclipses even the democratic political process itself as they exert disproportional influence on public policy they deem detrimental to their narrow self-interests. In less developed nations, they usurp authority altogether, often purchasing government complicity for unfair practices at the expense of economic, environmental, human, labor and social rights.
“Yet despite the very public impact of their actions and decisions, corporations remain bound to be accountable solely to their own private financial considerations and the interests of their shareholders. They have little incentive, nor requirement, for public transparency regarding their decisions and practices, let alone concrete accountability for their ultimate impact.”
CorpWatch employs “non-profit investigative research and journalism to expose corporate malfeasance and to advocate for multinational corporate accountability and transparency. [It works] to foster global justice, independent media activism and democratic control over corporations[, and seeks] to expose multinational corporations that profit from war, fraud, environmental, human rights and other abuses, and to provide critical information to foster a more informed public and an effective democracy.
“Our guiding vision is to promote human, environmental, social and worker rights at the local, national and global levels by making corporate practices more transparent and holding corporations accountable for their actions.
“As independent investigative researchers and journalists, we provide critical information to foster a more informed public and an effective democracy.”
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