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Progress in Corporate Accountability

Last week Human Rights Watch['s]...Christopher Albin-Lackey [decried] the hard won and widely adopted UN Guiding Principles on Business and Human Rights (GPs) as being “woefully inadequate.”...[The] Guiding Principles are intended to generate a new regulatory dynamic under which public and private governance systems—corporate as well as civil—each come to add distinct value, compensate for one another’s weaknesses, and play mutually reinforcing roles—out of which a more comprehensive and effective global regime can evolve...[The Guiding Principles'] core elements have been incorporated by numerous other international and national standard setting bodies, each of which has its own implementation mechanisms, as well as by businesses and other stakeholder groups.