Business Ethics Quarterly 22 (3):527-556 (2012)

Abstract
In a globalizing world, governments are not always able or willing to regulate the social and environmental externalities of global business activities. Multi-stakeholder initiatives , defined as global institutions involving mainly corporations and civil society organizations, are one type of regulatory mechanism that tries to fill this gap by issuing soft law regulation. This conceptual paper examines the conditions of a legitimate transfer of regulatory power from traditional democratic nation-state processes to private regulatory schemes, such as MSIs. Democratic legitimacy is typically concerned with input legitimacy and output legitimacy . In this study, we identify MSI input legitimacy criteria and those of MSI output legitimacy , and discuss their implications for MSI democratic legitimacy
Keywords Applied Philosophy  Business and Professional Ethics  Social Science
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ISBN(s) 1052-150X
DOI 10.5840/beq201222333
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References found in this work BETA

Inclusion and Democracy.Iris Marion Young - 2000 - Oxford University Press.
Democracy and Disagreement.Amy Gutmann - 1996 - Belknap Press of Harvard University Press.

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