Vol: 9, Issue: 1 2019

Page: 29-37

Transnational Corporations and Human Rights Violations: Mechanism of Regulation Under International Law

Dr. Premsy PN

This article delves into the critical issue of human rights violations perpetrated by Transnational Corporations (TNCs) and the imperative for a binding international treaty to regulate their activities. As globalization intensifies, TNCs wield unprecedented influence over economies and societies, necessitating a comprehensive legal framework to hold them directly accountable for human rights abuses. The analysis explores existing challenges within the current international legal landscape, emphasizing the limitations of voluntary guidelines and the need for a binding treaty to bridge the accountability gap. Drawing insights from recent developments, such as the United Nations' Guiding Principles on Business and Human Rights, the article scrutinizes potential mechanisms for enforcement, emphasizing the role of states, civil society, and TNCs themselves. The article concludes by advocating for a collaborative approach to establish a binding treaty that not only addresses human rights violations by TNCs but also fosters a global business environment aligned with the principles of justice, accountability, and the protection of fundamental human rights.