5th Global Forum on Responsible Business Conduct
29 June 2017
The Secretary General of the OECD today opened the 5th Global Forum on Responsible Business Conduct in Paris, calling for businesses to exercise greater due diligence to secure transparency in global supply chains.
The Global Forum was launched by the OECD in 2013 to strengthen international dialogue on responsible business conduct between Governments, businesses, trade unions and civil society. The Global Forum is the first multi-stakeholder platform for integrating Business and Human Rights and corporate responsibility questions into the global economic agenda.
This year Peter Caldwell has been invited to participate in the round table discussion on Human Rights Due Diligence in M&A and Commercial Transactions.
The IBA and OECD are partnering to discuss human rights due diligence specifically in the context of M&A and commercial transactions. This session will present the “IBA Handbook for lawyers on business and human rights" Chapter 1: Mergers and acquisitions (“M&A”) and corporate restructuring/ Chapter 2 Commercial transactions, recent OECD work on due diligence guidance, and to exchange peer learning and experiences on human rights due diligence using "real life" case studies.
Under the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights, companies are expected to carry out due diligence to identify, prevent, mitigate and account for adverse impacts on human rights. This expectation, also reflected in legislation and other instruments and policy approaches in some countries, is influencing companies' approaches to risk management, as well as lawyers' roles in advising their clients.