Multinational corporation

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Multinational corporation (MNC)

A firm that operates in more than one country.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Multinational Corporation

A corporation that maintains assets and/or operations in more than one country. A multinational corporation often has a long supply chain that may, for example, require the acquisition of raw materials in one country, a product's manufacture in a second country, and its retail sale in a third country. A multinational often globally manages its operations from a main office in its home country. Multinational corporations are controversial among groups such as environmentalists and worker advocates, who claim that multinationals exploit resources and employees. On the other hand, proponents argue that multinationals create wealth in every country where they operate, which ultimately benefits workers as well as shareholders.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Representatives of the families filed the complaint with the UK National Contact Point, a government body that handles human rights grievances against British multinational enterprises. Bonsucro is headquartered in the UK, a member of the OECD, and has operations that span the globe.
* That the emergence of indigenous multinational enterprises has accom- panied, and often played a critical role in, the global emergence of all advanced economies; and that Africa's global emergence will depend significantly on the work of African multinational enterprises;
* That the emergence of indigenous multinational enterprises has accompanied, and often played a critical role in, the global emergence of all advanced economies; and that Africa's global emergence will depend significantly on the work of African multinational enterprises;
The Employers Federation of Pakistan (EFP) in collaboration with the International Labour Organization (ILO) has been implementing the Multinational Enterprises and Social Policy (MNE) Declaration Project 'More and better jobs through socially responsible labour practices in Pakistan's sports goods sector' in Sialkot since August 2015.
and foreign multinational enterprises through their affiliates in other countries.
The Action Plan on Base Erosion and Profit-Shifting (BEPS) set by the Organisation for Economic Co-operation and Development (OECD) is creating a high-stakes audit environment for multinational enterprises. With jurisdictions around the world enacting legislation to boost transparency and end corporate tax avoidance, a lack of data accessibility across jurisdictions could create a scenario ripe for audit--and it's time for finance departments to take action.
While the headline figures remain volatile and heavily influenced by the activities of multinational enterprises, underlying domestic activity is growing at a solid pace, buoyed by robust employment growth, private consumption and strong investment in construction.
KARACHI -- Stakeholders' Dialogue on Multinational Enterprises and Social Policy (MNE) Declaration and EFP's National Business Agenda 2018-2023 Friday called upon business, particularly the multinational, large and SMEs companies, to capitalize on opportunity to adopt socially responsible employment practices in line with the principles of the MNE Declaration to attain sustainable growth and economic development in Pakistan.
The Philippines ranked 7th in a list of 15 developing and developed countries picked by business executives of multinational enterprises when asked for their top prospective host economies for 2017 to 2019.
Yukiko Arai, Senior Specialist of the Multinational Enterprises and Enterprise Engagement Unit in ILO Geneva, presented the ILO Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy (MNE Declaration), shared the global trends in labour andCSR as well as the country-level experiences in applying the principles of the MNE Declaration.
Familia's code of conduct is now in line with SCA's and based on international standards such as the OECD Guidelines for Multinational Enterprises and the UN Global Compact Principles.

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