Transnational corporations (TNCs) have grown over the years and attained a position of great influence and power.[1] It is argued that their powers compete with those of the state and, in some cases, threaten to strong-arm the state. This growing and unhinged power of transnational corporations has led to gross human rights violations ranging from exploitative labour practices, and environmental pollution, to complicity in repressive governments. TNCs continue to violate human rights with impunity despite many existing instruments and frameworks aimed at addressing the issues of human rights violations by transnational corporations, such as the International Labour Organisation’s (ILO) Conventions, the Universal Declaration of Human Rights (UDHR), the United Nation’s Guiding Principles on Business and Human Rights, (UNGP’s), the OECD Guidelines for Multinational Enterprises, and other regional and national human rights instruments.
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