https://www.nationalreview.com/corner/switzerland-businesses-face-prospect-tougher-ethical-regulations/
Switzerland is generally a well-run place, with a healthy respect both for the preservation of capital and for the way that its referendums help ensure that Swiss democracy is genuinely bottom-up as well as top-down.
But, judging by this Financial Times report, these two qualities may be about to come crashing into each other:
Some of the world’s biggest companies, from Nestlé to Glencore, face the prospect of tougher ethical regulations in Switzerland, as a four-year debate over business practices comes to a head in parliament this week.
From Tuesday, MPs will have less than three weeks to thrash out a compromise to a proposed change to the law brought by the Responsible Business Initiative (KVI) .
The proposal will make businesses in Switzerland legally liable and “guilty until proven innocent” for abuses of human and environmental rights anywhere in their supply chains around the world — whether at subsidiaries or third-party companies.
The Responsible Business Initiative emerged in 2016 as a result of Switzerland’s direct democratic process garnering the support of more than 100,000 citizens, the threshold for triggering a referendum.