Numerous legal scholars and economists are alarmed by the European Commission's moves to dilute corporate accountability laws. These changes, driven by corporate lobbying, threaten essential regulations meant to ensure companies monitor their activities, particularly regarding supply chains. Prominent leaders like Macron express the need for a simplification package that could hinder enforcement and accountability efforts. Various stakeholders, including legal experts and environmental groups, are advocating for the preservation of these protective measures, warning that weakening them could create a fragmented regulatory environment and increase litigation risks.
"The members of the European Parliament shouldn't be fooled into thinking that if they remove this article that that's going to somehow amount to a reduction in regulatory burden."
"Under pressure from corporate lobbyists, the EC has been discussing reshaping rules that govern how companies monitor and report their activity."
#corporate-accountability #european-commission #human-rights #environmental-protections #corporate-lobbying
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