With the adoption of Resolution 26/9 in June of 2014, the UN Human Rights Council decided to establish an intergovernmental working group on transnational corporations and other business enterprises (OEIGWG). The working group's mandate is to elaborate an international legally binding instrument to regulate the activities of transnational corporations and other business enterprises with respect to human rights. The OEIGWG met for the fifth round of negotiations from 14 to 18 October 2019. In attendance were 89 of the 193 UN member states, the State of Palestine and the Holy See (as observer states), and also the EU (albeit without a mandate to negotiate). A revised draft1 released by the Ecuadorian chairmanship and dated 16 July 2019 served as the basis for discussion at the session, during which 27 UN member states put forth their views on the draft.
