Improved content and scope, but procedural shortcomings remain
The updated OECD Guidelines for Multinational Enterprises, adopted on 25 May 2011, introduce important new provisions on human rights, workers and wages, and climate change. OECD Watch’s “Statement on the update of the Guidelines” nevertheless concludes that procedural shortcomings remain, and therefore the Guidelines potential to become an effective and credible instrument for corporate accountability remains in question.
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