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Article

24 Jul 2002

Author:
Frances House, Prince of Wales International Business Leaders Forum

IBLF [Prince of Wales International Business Leaders Forum] Statement of support for UN Draft Human Rights Principles and Responsibilities for Transnational Corporations and other Business Enterprises

[submitted to the United Nations Sub-Commission on the Promotion and Protection of Human Rights’ Working Group on the Working Methods and Activities of Transnational Corporations] - We wholeheartedly welcome the Draft Human Rights Principles and Responsibilities for Transnational Corporations and other Business Enterprises...The Draft Principles are the most authoritative and comprehensive set of guidelines to date which make the UDHR [Universal Declaration of Human Rights] applicable to companies...The Draft Principles are complementary to the UN Global Compact and could very usefully build upon the human rights components of that initiative.