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¹²⁸ Ironically, some of these bailed-out companies have, in the face of public and government outcry, paid out huge bonuses to their executives without any legal repercussions.Google Scholar

¹²⁹ Halina Ward, Governing Multinationals: The Role of Foreign Direct Liability, The Royal Institute of International Affairs Energy and Environment Programme Briefing Paper New Series No. 18,1 (2001).Google Scholar

¹³⁰ Halina Ward, Corporate Social Responsibility in Law and Policy, in Perspectives on Corporate Social Responsibility, (Nina Boeger, Rachel Murray & Charlotte Villiers eds., 2008); Freeman Edward, Strategic Management: A Stakeholder Approach (1984); Thomas Donaldson and Lee Preston, The Stakeholder Theory of the Modern Corporation: Concepts, Evidence and Implications, 20 Academy of Management Review 65–91 (1995).Google Scholar

¹³¹ Adolfe Berle, Corporate Powers as Powers in Trust, 44 Havard law Review 1049–1074 (1931). See also, Milton Friedman, Capitalism and Freedom 133 (1962).Google Scholar

¹³² EROGLU (note 22), 247–264.Google Scholar

¹³³ Amnesty International, The UN Human Rights Norms For Business: Towards Legal Accountability 6–7 (2004).Google Scholar

¹³⁴ Refer to section D above where the inabilities of local regulations to hold MNCs liable were highlighted.Google Scholar