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Article

19 Jul 2011

Author:
Ecumenical Council for Corporate Responsibility

[PDF] News International hacking scandal highlights need for human rights due diligence [UK]

The…News International hacking scandal highlights two key lessons…First, the company’s falling share price emphasises the link between good corporate governance and shareholder value. Well-governed companies behave more ethically and really do perform better over the long-term. Second, the case reveals how far many multinational companies have to go before they meet minimum international standards of business and human rights. ‘The United Nations Framework on Business and Human Rights, developed by…John Ruggie…emphasises the responsibility of companies to respect human rights,’ said Miles Litvinoff, ECCR’s Co-ordinator. `And this means do no harm.’…In 2010 News Corporation refused shareholder pressure to set up a human rights committee…Shareholders should now press News International – and all companies that currently lack effective human rights processes – to get to work on their human rights due diligence…