Abstract
According to Milton Friedman, there is one and only one social responsibility of business - to use its resources and engage in activities designed to increase its profits so long as it engages in open and free competition without deception or fraud. He advanced this view in 1962. With the increased process of globalization changed this public view apparently. Business nowadays is seen in a more widely context and have to account for its affection on stakeholders. In the Global Compact of the United Nations the importance of corporate social responsibility is pointed out. The objective is to encourage businesses to commit themselves on the "ten universally accepted principles", according to the United Nations. The ten principles contain corporate challenges as the Human Rights, Labor Standards, Environment and Anti-Corruption. An instrument for Multinational Companies to establish and articulate their corporate values, responsibilities and ethical ambitions is the code of ethics. In this report we present four real cases concerning global challenges as Human Rights, Corruption, Environment and Genetically Modified Food in order to examine the importance for MNEs to take social responsibility and develop codes of ethics.
