Rule Of Law Case Study

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1. As per you, what is ‘Rule of Law’ and how does it help business?
The rule of law is indispensable for the exercise of government in a way that promotes and protects human rights. Proper functioning of the rule of law, it is essential to have a strong legal framework, under a constitution, that upholds human rights and that provides for effective protection, implementation and redress in key areas at the domestic level, that relate to all human rights, be they civil, cultural, economic, political or social rights. The rule of law concerns itself with the substantive and the procedural, as well as with the quality, content and objectives of laws, processes, institutions and practices. The Heads of State and government while adopting World …show more content…

World States play a very important role in the promotion and protection of human rights. As the principal “duty-bearers”, State is required under legally binding human rights instruments to adopt a range of measures, including legislative, economic, social and cultural measures, to respect, protect and fulfil all human rights. The interplay between good governance and human rights is marked by the value added that governance provides to human rights, and vice versa. Transnational Corporations have a significant role in promoting and adhering to Rule of Law and this is an essential foundation of business dealing in any country which they operate.

2. What are the challenges India is facing in ensuring ‘Rule of Law’?
Independence of judiciary, democracy, constitutional supremacy and respect of human rights all are …show more content…

It is clear that one of the central measures of a company's social responsibility is its respect for human rights. And while most companies recognize the moral imperative to operate consistent with human rights principles, recognition is growing that respect for human rights also can be a tool for improving business performance. Ensuring that business operations are consistent with these legal principles helps companies avoid legal challenges to their global activities.
Many of the principles enunciated in the Universal Declaration of Human Rights (UDHR) involve the creation of a stable, rule-based society that is essential to the smooth functioning of business. Applying human rights principles thoroughly, consistently and impartially in a company's operations can contribute to the development of legal systems in which contracts are enforced fairly, bribery and corruption are less prevalent and all business entities have equal access to legal process and equal protection under law. A multinational's presence can be viewed locally as positive or negative. Avoiding human rights violations will help maintain positive community relations and contribute to a more stable and productive business

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