The power of TNCs in transnational environmental private governance
Today’s increasing relevance of transnational private governance (TPG) can be positioned in a framework of broader developments in business political power. Indeed, if one adopts a power-theoretic perspective on TPG, the political implications of the growing extent of TPG become much more visible. Moreover, such an approach reveals developments in business political role that are frequently not considered in analyses of TPG but are crucial parallel and interactive trends in business participation in governance. These trends need to be included in analyses of TPG, if one wants to understand fully its meaning, processes and implications.