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Article

2 Feb 2015

Author:
International Corporate Accountability Roundtable

International Corporate Accountability Roundtable launches Parent Company Accountability Project

The International Corporate Accountability Roundtable is pleased to announce a new program of work, the “Parent Company Accountability Project.” One of the largest barriers to remedy for victims of human rights violations by business is the limitation of liability of parent companies for the actions of their subsidiaries…The Parent Company Accountability Project (PCAP) will explore opportunities in United States law (both federal and state, where applicable), for holding parent corporations (or the entire enterprise) liable for actions for their subsidiaries and/or business partners. The Project will also offer specific recommendations and ways forward to address the barrier that limited liability of a parent corporation raises for victims of the subsidiary’s human rights violations. The Project will run from February through June 2015.