*2.1.2 Recognition of transnational CSR*

Second, having a form of regulation even though soft-regulation is perceived as conducive to global modernity. Corporations going global is a self-evident reality. To make themselves apposite to the socialization of markets, CSR is exhibited transnationally. For a host of reasons this calls for governmental intervention. It can assist the corporations in their efforts to better realize CSR. The bearing of regulation is especially acute in developing nations where the corporates can deliver cost-free education, health services, and other labour rights to the workers and their families [17]. All of this is to be understood in the backdrop of absence of global CSR framework, and labour conventions chiefly fastened the responsibility to the states. Governmental intervention can fix this international policy lacuna to certain extent and simultaneously share the responsibility of labour welfare.
