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Governance
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Being seen to be clean
Membership of voluntary initiatives is all well and good as oil and mining companies try to clean up their act but detailed auditing is necessary for real change to happen, says Diarmid O’Sullivan of Global Witness.
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Human Rights News
Round-Up (Issue 95)
All sectors must respect the human rights of their employees and should assess the human rights impact of their operations.
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The limits of voluntary
initiatives
Can voluntary initiatives on human rights really ensure that workers are not exploited, and labour standards upheld, or is government regulation the only way forward?
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True accountability needs
transparency
All sectors - whether governmental, voluntary or corporate - have a lot to learn about true accountability: they must acknowledge the need for transparency and they should make fighting corruption a priortity.
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Human rights news
round-up issue 86
Among the stories covered, the UN Norms on Human Rights are a "distraction" which should be sidelined in efforts to develop a better framework of human rights responsibilities for business, says an interim report from UN Special Representative John Ruggie.
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'Recalibrating' reporting
requirements
Welcome to the wacky world of top level government decision-making, when careful deliberation since March 1998 by company law reform experts is torn up in a Friday afternoon brainstorm by speech writers and spin doctors.
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News round-up (Feb/Mar)
Initiatives to improve governance focus on empowering investors by providing better information. After all, the best governance system in the world won't work without active investors.
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News round-up (Jun/Jul)
BHP Billiton and BT are among the world's best-governed companies, while an inquiry has begun into the role of company boards in fulfilling the social and environmental responsibilities of businesses. Also the OFR standards are published.
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News round-up (Apr/May)
Senior managers at Citigroup are pushing forward a drive to improve the company's ethics and integrity whilst the DTI on March 17 published a white paper for consultation, setting out its proposals for a Company Law Reform Bill.
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Corporate manslaughter
bill introduced
The corporate manslaughter bill has been a long time in consultation, though the unions remain disappointed it does not create a duty to promote health and safety. It does however make explicit the duty of directors to consider wider circumstances.
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Introduction of the OFR
The introduction of the OFR has been announced by the government. It is likely it will will achieve a step change in the way most companies engage at the highest levels with these wider social, community and environmental issues that can impact long term shareholder value creation.
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