Private authority in the global governance. The global compact and the multinational corporations

Abstract

Nowadays the dynamism of the international relations does not allow the existence of one central actor; on the contrary, we are facing a stage where a multiplicity of topics of discussion can be found which demands a confluence of actors both public and private that participate and regulate de international relations. This document is focused in the actions of the multinational companies as private authorities on the international stage and its influence in the structuring of the Corporate Social Responsibility through the creation of soft law normativity, using the example the activities developed by the Global Compact Iniciative. This , in order to explain how the multinational corporations, as private authority, are part of the decision-making process on global affairs through the analysis of the juridical nature of the requirements and guidelines born from the Global Compact Iniciative as soft law standards. Taking this into account, we are seeking to achieve an understanding about the changes in the normativity and the international relations in recent years, realizing that the States are not the only participants and regulators, but that through nontraditional legal tools, new social needs of the stakeholders are answered.