To Regulate or not to regulate – That is the Question!

It seems to be a common assumption, perhaps an incorrect one, that business is not in favor of regulation of their activities. A recent findings report initiated by the United Nations Working Group on Business and Human Rights (UNWG) would seem to question that assumption, to some extent [1].

To go back in time, from 2005 to 2011 John Ruggie served as UN Special Rapporteur on Business and Human Rights and he in this capacity he produced  the UN Guiding Principles on Business and Human Rights (UNGP). This framework is intended to be the global standard to prevent and address the risk of adverse impacts on human rights linked to business activity. Continue reading