Effective enforcement of responsible business conduct legislation
If legislation for responsible business conduct (RBC) is to be…
All government policy related to companies should contribute to Corporate Accountability. Any policies that act as a barrier to Corporate Accountability should be changed. Far more policies could be used to support greater Corporate Accountability.
Examples of policies that act as a barrier include: trade and investment treaties, competition/anti-trust and tender rules, fiscal policy and the ‘corporate governance code’. Cooperation within a sector or within a supply chain is often necessary for due diligence and responsible management, which may conflict with competition/anti-trust rules. In such cases, adjustments should be considered.
The government could use fiscal policy to reward good corporate behaviour and to penalise poor performances. Adjustments should also be made to the Dutch fiscal system to prevent companies operating internationally from evading taxes.read more less