Global Business

and harassment, termination and reduction in force, and intellectual property.
             Integrate existing employment laws and regulations, ethical standards, CSR, and corporate governance into IHRM policies and practices.
             I. The Institutional Legal Context of International Business (IB)
             At least three different major legal systems operate in the nations of the world. In general, law establishes rules for behavior, usually enforced through a set of institutions. Consequently, each of these legal systems has its own, unique methodologies for creating laws, for developing the content of laws, and for enforcing laws. These three systems include the common law system as developed in England and its colonies, including the US, the civil code approach (often referred to as the Napoleonic code), as developed in France, and religious law, the most common form of which, today, is Islamic law, or Sharia, as practiced in a number of Islamic states, such as Saudi Arabia and Iran.
             Under common Law, a constitution enunciates a few, long-standing, general principles to which everyone is subject. The law, then, is based on tradition as stated in the constitution, past practices, and legal precedents set by courts through interpretation of the constitution, legislative statutes, and past rulings. Legislation and statutes tend to be quite general, the specifics developing over time. Interpretation when there is a question or disagreement is done in court, typically before a jury, and typically for the purpose of describing whatever the general law applies to the situation. Legislation tends to establish basic principles, with precedence and practice determining what people can and cannot do.
             Civil law or code is based on an all-inclusive system of written rules, of which there are three types: commercial, civil, and criminal. Statutates tend to be very specific, defining people's basic rights and duties, in some cases even tracing these rights an...

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