LexisNexis and the Atlantic Council have compiled an initial draft of the “Global Rule of Law Business Principles,” a list of guidelines intended to help businesses take action toward advancing the rule of law and raising awareness of impacts.
The organizations will work with the United Nations to develop a global approach for the business community to support the rule of law, LexisNexis said Thursday.
“Advancing the rule of law is an imperative requirement in serving the greater social good,” said Mike Walsh, CEO of LexisNexis Legal & Professional.
“It also—and not incidentally—protects and supports the goals of global business,” Walsh added.
Guidelines set out in the principles include:
- We will support fair process of legal redress, access to justice, and access to the law.
- We will support the sanctity of contracts and property rights, both for real property and intellectual property.
- We will implement fair and ethical business practices subject to local laws and customs.
- We will not engage in bribery or support corruption.
- We will encourage the protection of human rights.
- We will advocate on behalf of the Global Rule of Law Business Principles and track and report on our organization’s adherence to those principles.
LexisNexis and the Atlantic Council unveiled the guide at “The Rule of Law Now: Building Business Leadership,” a forum held Thursday in New York City with a panel moderated by CNN journalist Jessica Yellin.