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Corporate Compliance and Human Rights
Authors:Mark Pieth
Institution:1.University of Basel,Basel,Switzerland
Abstract:Human rights violations by corporations are a major challenge, even if serious companies try to prevent them with their internal compliance program. Traditionally CSR and compliance were synonyms for soft law and self-regulation. Compliance, however, is increasingly establishing itself as a fundamental requirement to prevent corporate liability. Obviously, there are additional requirements for responsibility (like jurisdiction and the offence as a step towards the corporate goal). Overall, what has evolved in areas like corruption, money laundering and tax crime is gradually extending to the protection of human rights.
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