Vom Business Case zum Public Case? Der Beitrag privater Selbstregulierung zu Global Governance/The Contribution of Private Self-Commitments to Global Governance

In new forms of public-private or even private governance arrangements beyond the state the functional division of labour between the private and the public sector is blurred. Companies have taken on authoritative roles and regulatory functions in processes of norm setting and norm development. This corporate behavior is a new type of norm-entrepreneurship. In order to prevent corporate governance contributions from losing sight of the public interest, they have to meet contextualized normative criteria of legitimacy. Therefore, we argue that they must be embedded in an overarching institutional architecture of global governance in which public institutions can safeguard the conditions under which private self-regulation can make meaningful contributions to governance beyond the state. [PUB ABSTRACT]