German Corporate Due Diligence Obligations in Supply Chains Act
German Act on Corporate Due Diligence Obligations in Supply Chains (the Act), adopted by the German Parliament on 11 June 2021, introduces an obligation for companies over a certain scale to comply with human rights standards in relation to their business activities throughout their global supply chains. Human rights mentioned non exhaustively in the Act: Prohibition […]
German Parliament Adopts Supply Chain Act
The German Parliament adopted a human rights due diligence law called the “Supply Chain Act” (Act) on 11 June 2021. The Act aims to ensure companies to comply with human rights standards in relation to their business activities throughout their global supply chains. The Act is expected to enter into force in 2023 and apply […]
Corporate Accountability for Human Rights
“Naif Şaşma” Decision of the Constitutional Court of Turkey The Constitution Court of Turkey rendered a noteworthy decision on 9 October 2019 regarding corporations’ responsibility to protect and respect human rights as private organs of the society[1]. In its decision the Constitution Court stated that the internet domain name does not fall in the scope […]
Amendment to the Corporate Governance Communiqué: “Sustainability Principles Compliance Framework” for Public Companies in Turkey
Turkish Capital Markets Board (“CMB”) introduced an amendment to the Corporate Governance Communiqué (“Communiqué”) on 2 October 2020. Accordingly, public companies that are subject to the Corporate Governance Principles will now also be subject to the principles specified in the Sustainability Principles Compliance Framework. Despite the application of principles under this framework is voluntary for public companies, CMB […]
Action Plan on Human Rights Announced
On 2 March 2021, the Action Plan on Human Rights (“Action Plan”) prepared under judicial reform was announced by the Presidency of the Republic of Turkey and published simultaneously on the Ministry of Justice’s website. It is seen that many topics from freedom of expression to animal rights are included in the Action Plan, which […]