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23 J. L. Bus. & Ethics 63 (2017)
Human Rights Law, Corporate Governance and Globalization

handle is hein.journals/jourlbun23 and id is 74 raw text is: 










  HUMAN RIGHTS LAW, CORPORATE GOVERNANCE
                    AND GLOBALIZATION

                              Evan A. Peterson*
                                 Joni Hyska **
                                 Dhruv Patel***


Contents
I. HUMAN RIGHTS AND INTERNATIONAL LAW ...................................................... 64
II. THE BUSINESS CASE FOR HUMAN RIGHTS ...................................................... 66
III. HUMAN RIGHTS FRAMEWORK AND THE TOP 25 FORTUNE 500 COMPANIES
   FO R   20 14  ..........................................................................................................  68
   A. Overview of the Framework .................................................................... 68
   B. Application of the Framework .................................................................. 69
   C. Table 1: Overview of 2014 Top 25 Fortune 500 Human Rights
      Compliance    Efforts  ...................................................................................  69
   D . Exploring  the  Results ...............................................................................  70
   E. Table 2: Level I H ighlights ......................................................................  71
   F. Table 3: Level I  H ighlights ....................................................................... 72
   G. Table 4: Overview ofATS Claims against Top 25 Fortune 500
      Companies for    2014  ..................................................................................  73
   H . Table  5: Level IV  H ighlights .....................................................................  76
IV. CONTRIBUTIONS OVERVIEW AND IMPLICATIONS .......................................... 77
   A. Developing a Human Rights Policy .......................................................... 77
   B. Integrating Human Rights Policies into Organizational Processes ...... 79
   C. Human Rights Impact/Risk Assessment ................................................... 79
   D. Companywide Policy Integration ............................................................. 80
   E. Performance M    easurement .......................................................................  81
   F. Com m unicating  Results  ............................................................................. 81
   G. Rem ediation  M easures .............................................................................  82
V . C O N CLU SION   ..................................................................................................... 82

    The impact of globalization on international human rights is becoming
increasingly relevant to modem business. The world's largest multinational
corporations (MNCs) command tremendous economic muscle and thrive in parts
of the world previously dominated by local industries and controlled by national



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23 J.L. Bus. & ETHICS 63 (2017)

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