Vigilance or compliance? On the new French “vigilance” law

The ‘vigilance’ obligation requires French companies to map the risks throughout their supply chains and with all of the companies that they directly or indirectly control. Companies must, in particular, deal with risks related to their suppliers and sub-contractors with whom the company has an established business relationship. The vigilance plan comprises (a) taking reasonable measures to prevent or mitigate such risks (b) establishing an internal whistleblowing procedure, (c) follow-up and evaluation of measures taken, and (d) public communication of the implementation of the plan.

Author(s) :

The ‘vigilance’ obligation requires French companies to map the risks throughout their supply chains and with all of the companies that they directly or indirectly control. Companies must, in particular, deal with risks related to their suppliers and sub-contractors with whom the company has an established business relationship. The vigilance plan comprises (a) taking reasonable measures to prevent or mitigate such risks (b) establishing an internal whistleblowing procedure, (c) follow-up and evaluation of measures taken, and (d) public communication of the implementation of the plan.

Type : Press article
Date : le 19/06/2017
Research Cluster : LegalEdhec
Source : NYU Stern

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