The Impact of the Corporate Form on Corporate Liability for ...

11.7 Future Trends - Summary
200. In summary, <strong>the</strong> future trends appear to be:
• claims structured on <strong>the</strong> basis <strong>of</strong> direct liability for <strong>the</strong> actions <strong>of</strong> subsidiaries
overseas;
• increased use <strong>of</strong> existing statutory, including criminal law, mechanisms;
• increased incentives to corporate compliance through indirect means such as
statutory charters <strong>of</strong> human rights;
• increased attention in <strong>the</strong> international arena to corporate liability for human rights,
including, potentially, <strong>the</strong> development <strong>of</strong> international law;
• increased self-regulation by large multinational corporations who are leading
industry with respect to compliance; and
• development <strong>of</strong> corporate awareness, knowledge and tools to assist in <strong>the</strong> process
<strong>of</strong> self-regulation.
In <strong>the</strong>se circumstances, perhaps <strong>the</strong> perceived obstacles posed by <strong>the</strong> corporate form, and
apparent lack <strong>of</strong> redress provided by <strong>the</strong> corporate veil, will have less significance in years
to come.
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