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A global framework convention appears to be best option to regulate companies & increase human rights protection, says researcher

"Closing the Gap. A Human Rights Approach to Regulating Corporations", 11 Aug 2015

This paper examines the current system regulating state and corporate behavior with regards to human rights. As such it contributes to the debate on a global treaty on business and human rights…The analysis takes a threefold approach to how one can best regulate corporations to secure an increased protection of rights. First, it asks whether there is a regulatory gap in protection in the current system…Second, having established a gap, the analysis further examines corporate and sectorial standards as alternatives to a global treaty…It concludes that…a combination of sectorial standards and a global treaty may be a good solution [to close the gap]…[T]he final chapter asks if treaties have an impact…[T]he paper examines the legislative impact of the Framework Convention on Tobacco Control (FWCTC) on domestic legislation…[T]he paper concludes that the best way to regulate corporations and states, to increase the protection of human rights, appears to be through a global framework convention; perhaps preferably supplemented by sectorial treaties…