This article is divided into three major sections. The first section defines the terms "compliance" and "enforcement" as they are used in this work. The second section contains an exposition of the traditional methods of compliance and enforcement, including their bases, scope, strengths and pitfalls. This part is divided into three subsections, each concentrating on a single method. The third section discusses an alternative approach of a norm of corporate behavior, emphasizing that ethical principles should be given legal teeth in international business and be integrated into the corpus of international law. The conclusion reached is that a concerted and disinterested application of a combination of traditional approaches with the proposed alternative approach will go a long way toward improving compliance and enforcement of international regulations.
"Multinational Corporations and Compliance with International Regulations Relating to the Petroleum Industry,"
Annual Survey of International & Comparative Law:
1, Article 8.
Available at: http://digitalcommons.law.ggu.edu/annlsurvey/vol7/iss1/8