In a globalized world, companies are increasingly confronted with ethical norms and values that differ across countries. This provides a challenge to them, as differing moral standards come with differing expectations on the economic, social and environmental responsibility that companies have to assume. In the industrialized societies of today, companies are expected by their stakeholders – such as customers, suppliers, employees, the public, and the media – to do more than simply following the law. In developing countries, where legal standards typically are weak, the question on basic responsibilities, such as protecting human rights of workers or paying living salaries, arise.