Globalization has afforded multinational and global corporations the opportunity to expand into operations that possess financial power beyond nations. Of the worlds 100 largest economies, 51 are corporations and 49 are nations. Wal-Mart‟s economy, for example, is larger than Poland‟s, the Ukraine‟s, Portugal‟s, or Greece‟s (Werther and Chandler 2006). The dominant economic theory of business typically relies on the regulatory power of national laws and moral customs. However, “postnational constellation changes,” as scholars like Palazzo and Scherer (2008) have referred to it as, blur the boundaries between public and private sectors. They argue that regulatory systems can no longer be defined with the borders of a containing nation-state but rather by the global interaction of governments, civil society, and corporations themselves (Palazzo and Scherer 2008). This not only highlights the changing role of business in society but represents a paradigm shift that demands new theories and practices on the part of scholars and practitioners in the fields of management, CSR, and HR.