Shortly afterward, a series of criticisms was received from the unions about the content of its code of conduct, and so Nike created a new text which is the one that is currently presented.[when?]
A couple of investigations have pointed out that codes of conduct carry the risk of displacing the importance of mandatory national and international standards.
The United Nations Research Institute for Social Development (UNRISD) estimated a few hundred existing company code of conduct.
The UNCTAD estimated 65,000 parent companies which own about 850,000 subsidiary are foreigners in all countries around the world, and employ the majority of their workers through outsourcing.
Trade unions and some NGOs have criticized the unilateral nature of codes of conduct and have emphasized that they are often only aimed to improve the public image of businesses.