BUSINESS AND HUMAN RIGHTS / Šturma, Mozetic (eds)

cases have suggested how the NCP system may have a substantial effect even though specific instances are not legal cases and NCPs are not judicial bodies. On the other hand, despite the recent progress in strengthening NCP governance structures and processes, stakeholders continue to express concerns about the uneven performance of NCPs and the lack of functional equivalence. This trajectory, if unchanged, runs the risk of undermining the effectiveness and credibility of the Guidelines as a leading corporate responsibility instrument. These concerns have recently led to a plan for a comprehensive peer-review process, which all NCPs should go through during the coming years. Another response is the ongoing work of the OECD Investment Committee. In order to clarify, apply, and expand the RBC principles in the Guidelines, the OECD has focused on developing the following sectoral tools during the last years: the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas , the OECD Due Diligence Guidance for Meaningful Stakeholder Engagement in the Extractive Sector , the FAO-OECD Guidance for Responsible Agricultural Supply Chains , the OECD Due Diligence Guidance on Responsible Supply Chains in the Garment and Footwear Sector and the Responsible Business Conduct for Institutional Investors , as recommendations for due diligence under the Guidelines. Taking into account all of the above, the OECD Guidelines for Multinational Enterprises remain the most prominent interstate document on CSR and RBC.

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