Human Rights in Transnational Business
Human Rights in Transnational Business: Translating Human Rights Obligations into Compliance Procedures
Springer | Law | May 30, 2016 | ISBN-10: 331931324X | 265 pages | pdf | 3.9 mb
Springer | Law | May 30, 2016 | ISBN-10: 331931324X | 265 pages | pdf | 3.9 mb
Authors: Wetzel, Julia Ruth-Maria
Offers a systematic overview of the problem of applying human rights law to business entities
Analyzes why the Alien Tort Statute can no longer serve as a vehicle for corporate human rights violations.
Discusses existing legal initiatives and their shortcomings with regard to business and human rights
Proposes a new approach to corporate human rights compliance
Combines business and human rights in a mutually beneficial fashion
Promotes the development of business best practices with regard to human rights
Develops new ideas for an international oversight system for corporate human rights compliance
This book investigates how human rights law can be applied to corporate entities. To date there have been insufficient international legal mechanisms to bring corporations to justice for their misconduct abroad. The book argues that rather than trying to solve the problem locally, an international approach to corporate human rights compliance needs to be sought to prevent future corporate human rights abuses.
Implementing effective and enforceable human rights compliance policies at corporate level allows businesses to prevent negative human rights impacts such as loss of revenue, high litigation costs and damage to reputation.
By considering human rights to be an inherent part of their business strategy, corporations will be well equipped to meet national and regional business and human rights standards, which will inevitably be implemented in the next few years.
This approach, in turn, also furthers the fundamental aim of international human rights law.
Topics
Human Rights
Corporate Social Responsibility
International Economic Law, Trade Law
Globalization
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