The influence of transnational corporations (‘TNCs’) on the economic and political life of most countries – and on economic and political relations in general – has increased greatly in recent decades. Today, the economic capacities of transnational corporations go far beyond the economic capacities of the countries in which they operate, and their political muscle is often far greater than the ability of some states to regulate them effectively. This article considers the United Nations Norms on the Responsibilities of Transnational Corporations and Other Business Enterprises with Regard to Human Rights (‘the Norms’) as a framework for definitively outlining the human rights responsibilities of business and argues that the Norms are a welcome initiative in comprehensively defining these obligations.
Human Rights Law | International Law
Date of this Version
Justine Nolan, "With Power Comes Responsibility: Human Rights and Corporate Accountability" (February 2010). University of New South Wales Faculty of Law Research Series 2010. Working Paper 11.