Laura of Cividep India spoke at a panel on corporate governance and the UN guiding principles at the 2013 UN Forum on Business and Human Rights. Referencing Civdep’s experience and observations from the field, she spoke about how many global companies in India are yet to fulfill their commitment to the UNGPs w.r.t policies to protect human rights in the workplace and their actual implementation. 

The second pillar of the UN Guiding Principles places substantial emphasis on internal corporate governance. The responsibility to respect human rights requires businesses to develop, implement, and verify internal policies and procedures to avoid causing or contributing to adverse human rights impacts, either in their own activities or by linkage through their business relationships. Those policies and procedures extend to all company functions and implicate a range of business processes. 

The UN Guiding Principles thus establish key parameters for businesses to demonstrate how they meet their responsibility to respect. They also provide benchmarks for other stakeholders, including affected stakeholders, investors, civil society, and government regulators, to assess the effectiveness of businesses’ human rights governance structures and performance. 

Guiding questions for the panel

What lessons can be learned from existing firm management and internal control systems for identifying, assessing, and measuring actual and potential human rights impacts?

How can those processes be effectively integrated into broader governance frameworks?

How are regulators requiring or incentivizing the integration of human rights into corporate governance?

What tools have been innovated by civil society organizations to assess corporate human rights performance?

How are investors attributing value and cost to implementing human rights policies and procedures?

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