Bank of America – What are firms answerable for? Swiss voters are about to weigh in

Breaking it down: The initiative would mandate that Swiss corporations assess the human rights and environmental practices not simply of their very own operations, but in addition of subsidiaries, suppliers and enterprise companions, making certain they’re in keeping with worldwide requirements. Firms may then be held liable in Swiss courts for violations dedicated by subsidiaries and suppliers they management until administration proves correct due diligence was carried out.