HBOS asset manager Insight Investment is calling for companies to comply with internationally recognised business principles for global activities.
Insight Investment says international standards such as the OECD Guidelines for Multinational Enterprises and the Universal Declaration of Human Rights provide the most appropriate basis for developing rules for corporate responsibility.
Insight Investment chief executive Douglas Ferrans says: “Responsible corporate conduct makes good business sense. As more companies expand internationally, it is important that high standards are maintained. It is in everyones interests that shareholders play a positive role in helping companies to meet the standards set by global business principles.”