Corporate Accountability

“WFM joins other NGOs in calling for universal standards on human rights, labor rights and environment to be enunciated in an international convention on corporate accountability ”

While there are enormous pressures on governments to create greater investment opportunities for transnational corporations (TNCs), there is little corresponding pressure to match these opportunities with responsibilities. TNCs are outside the reach of existing international law, because they are neither states nor international organizations and, therefore, no existing international court can exercise jurisdiction in cases involving corporations. WFM joins other NGOs in calling for universal standards on human rights, labor rights and environment to be enunciated in an international convention on corporate accountability to compliment institutional arrangements for enforcement of such standards.