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Business Roundtable Redefines Purpose of a Corporation
August 20, 2019
Abandoning the long-standing principle of shareholder primacy, the Business Roundtable has released a new Statement on the Purpose of a Corporation, signed by 181 CEOs "who commit to lead their companies for the benefit of all stakeholders."
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Proposed International BHR Treaty Expands Business Obligations and Liabilities
August 16, 2019
The revised draft of the proposed international treaty on business and human rights greatly expands the scope of the proposed treaty, including application to all businesses and all human rights.
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Lawyer Explores Mandatory BHR Due Diligence Trend
August 14, 2019
Business and human rights (BHR) attorney Alison Berthet outlines the growth of a global legislative and regulatory movement to impose legal requirements on corporations to perform “human rights due diligence” to address BHR impacts in their global supply chains.
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Australia Appoints Examiner of Overseas Corporate Rights Abuses
August 07, 2019
The nongovernmental organization Human Rights Law Centre is applauding the move by the Australian government to appoint an “independent examiner” to monitor alleged overseas human rights abuses committed by Australian companies as part of the country’s reform of its OECD National Contact Point.
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Academics Find State Duty to Regulate Labor in Supply Chains
August 07, 2019
A group of professors from Australian universities has published research on mandatory corporate forced-labor reporting schemes recently passed by such countries as Australia and the UK concluding that public authorities “cannot entirely outsource” their duties to regulate human rights in global supply chains.
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