The United Nations Human Rights Council decided in June 2014 to establish an Intergovernmental Working Group to “elaborate an international legally binding instrument to regulate, in international human rights law, the activities of transnational corporations and other business enterprises.”...The Council did not further specify what sort of instrument should be drafted. The Center for Human Rights of the American Bar Association and the Law Society of England and Wales invited the present authors to prepare a “White Paper” on possible options...The Paper takes no position for or against a treaty, or any particular form or content of a treaty. It is purely informational...It is offered in the belief that an informed negotiating process deserves, at the outset, a basic knowledge of the background that brought negotiators to the table, and an awareness of the main options, issues and choices that lie before them...This Paper also provides analysis of the current policy landscape and context as the treaty process begins....