CORE welcomes the draft Bill which presents an important opportunity to introduce much-needed legislative measures as a necessary first step to improving corporate transparency and accountability for the most serious labour rights violations in the supply chain.
The EU Council is currently negotiating this important proposal on how the largest companies report. We consider this reform a vital step towards improving corporate accountability and transparency, and implementing the UN Guiding Principles on Business and Human Rights.
The UK broke new ground in becoming the first State to produce a National Action Plan for the implementation of the UN Guiding Principles on Business and Human Rights. In this new analysis, CORE identifies the positive proposals, the missing elements and some of the policies that are threatening to undermine the government’s stated commitment...
This briefing by CORE and the Environmental Law Service relates to the UK government’s Department for Business, Innovation and Skill’s Company Ownership Transparency and Trust Discussion Paper, Q.39: The merits of strengthening responsibilities of banking directors by amending the directors’ duties in CA06 to create a primary duty to promote financial stability over the interests of shareholders.
CORE called for amendments to be made to this Bill to ensure that it would not undermine the UN Guiding Principles on Business and Human Rights. Despite this it was passed unchanged, giving irresponsible multinational corporations more power to violate the rights of poor and vulnerable communities in developing countries with impunity.
