Human Rights and Business: Best Practices and Potential Approaches
7 Pages Posted: 3 May 2018
Date Written: April 30, 2018
This article examines how to address human rights when problems arise, and the benefits that can provide from the marketing perspective and dealing with the issues. It also looks at potential approaches when a company is falsely accused of human rights abuses abroad. We look at the issue of living wages, and why companies generally refuse to raise wages abroad when doing so will adversely affect their profits. We also look at the effect of Ethical Investor Funds on stock demand and prices, with focus on how companies should be aware of policies of such funds, in order to align their human rights programs with the requirements of such funds. Finally, the article looks at the reality of human rights breaches by companies in Canada and the USA on an ongoing basis, trying to reconcile the advice given to such companies to adhere to international human rights standards when they seem to be able to breach them domestically with impunity.
Keywords: Human rights, international law, United Nations Guiding Principles, International Labour Organization Conventions, living wage, slavery, trafficked labour, supply chain management
JEL Classification: K2, K20, K33, K4, M1, M16, M48, F02, F2, F23
Suggested Citation: Suggested Citation