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Article

30 Nov 2007

Author:
John F. Sherman, IIIl, Deputy General Counsel, National Grid

[PDF] Corporate Duty to Respect Human Rights: Due Diligence Requirements

What is the scope of the due diligence process required to determine if a company has discharged a duty to respect human rights? This note suggests that the COSO [Committee of Sponsoring Organizations of the Treadway Commission] internal controls framework, which is widely used in the United States, could provide a robust due diligence foundation for such an assessment...In the future, the oversight responsibilities of boards could expand to include a duty to ensure that the company is respecting human rights...[refers to Nike, BP]