"The corporate responsibility to respect human rights: Damiano de Felice at TEDxLSE 2013", 20 October 2013 

[Transcript:...There is a lack of regulation at the international level with respect to corporations…Human rights treaties place human rights obligations on states and not on corporations…There is no additional accountability for companies except for the laws in countries themselves...Now companies are bigger than ever…out of the hundred biggest economic entities, fifty-one are companies…The result of a “regulatory vacuum” is a “race to the bottom”…Protection of human rights becomes a luxury, rather than a standard…There are two steps that have to be taken by the international community: the first one is to agree on some kind of basic global standard on corporate conduct…In 2011, the UN Human Rights Council...adopted...the UN Guiding Principles on Business and Human Rights...which for the first time ever set...expectations of corporations to respect human rights...The second step is to enforce these responsibilities and enforce these norms…Multinational corporations are not only amenable to change by [the host] state, but [also by] the home state...and by consumers and investors...]