[PDF] Whereas e.g. in trade law business accepts, or even asks for laws and regulations that demand tranparency and strict compliance with existing standards, companies in their majority so far refuse to accept similar compliance standards in regard to their social performance. Economic globalisation has led to the development of enforceable rules outlining the rights of companies, whereas duties and responsibilities of companies are not laid down yet in any equally enforceable legal framework. There is an obvious need to match the rights of companies with responsibilities.