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Seminar paper from the year 2010 in the subject Business economics - Operations Research, grade: 1,0, Berlin School of Economics (IMB Institute of Management Berlin), course: Global Governance, language: English, abstract: With the breakthrough in information technology since the early 1990s pivoting in a maturingglobal information network accessible for a broad mass of consumers called the internet, thepower information relays to its "owner" and the means and speed of its diffusion have beenrevolutionized. In this context, looking at various societal actors, the issue of equal access toand transparency of information triggered not only broad scientific research efforts, but againplaced the spotlight of public scrutiny on the issue of transparency of information in societal,economical and governmental mechanisms of decision making and business conduct. Civilsociety bombarding multinational enterprises with postulations to disclose supply chainlocations and their labor and environmental practices especially abroad conveys that not doingso bears certain, if not even very lucrative, advantages for such businesses. Withgovernmental legislation setting the stage for businesses` profitability in many realms,exerting "selfish" influence on national politics holds great allurement for business itself.Fronting supranational joint efforts like the establishment of the OECD Financial Action TaskForce1 of the G-7 member states or the European Transparency Initiative2, business has eversince the beginning of nation states found its way to interact with the mechanism ultimatelyaffecting their profitability in a regulatory or constraining way. Looking back at the financialcrisis of 2008, it becomes clear that nowadays business making use of their involvement inshaping national policies has not declined at all. The multinational "Cash for Clunkers" lawand the failure of the "nutrition facts traffic light" law in Germany prove conclusive examplesof how "a passive transmission belt for corporate interest" (Stubbs 2006: 171) in form oflobbyism successfully influences legislative outcomes which crucially benefit a certainsocietal group. With a broad landscape of "industries of intermediaries" (Bac 2001: 95) whichoffer not only the expertise but also the necessary connections to crucial hotspots oflegislative decision making, "Big Business" is successfully leveraging its` resources toincrease its power. Consequently civil society`s scrutiny in terms of where and to what extentcertain business actors are involved in legislative outcomes is vital to ensuring the commongood being put ahead of interests of certain societal elites.
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