A/HRC/41/49 identified in this respect were balancing short-term and long-term goals, working conditions at the workplace, human rights and local communities, educating people and extending human rights due diligence to all global supply chains. In terms of solutions, it was noted that strong assessment systems and constant follow-up were needed. Awareness must be raised regarding the importance of human rights and the Sustainable Development Goals in connection with business and how this could bring economic growth and sustainable development. It was also critical to educate small and medium-sized enterprises about the importance of human rights. All those elements were key, but there was a need for a change of mindset. In order to achieve that change, learning from experience – both successes and failures – and sharing lessons learned were essential, as was as the involvement of all stakeholders, including youth, in a due diligence process. In that process, it was vital to listen to the concerns of stakeholders, particularly affected communities. It was noted that prevention was at the core of human rights due diligence; in that regard, involving the most vulnerable and invisible was critical, and assessments by third parties and setting up community grievance mechanisms were useful tools. 20. A representative from the stock exchange in Chile participated in the panel, touching on how capital markets in emerging markets could be leveraged to speed up and scale up good business practices beyond the small group of “pioneers”. The panel addressed how stock exchanges could help induce more companies to place respect for human rights at the core of their operations. Research had shown that responsible business resulted in better returns for shareholders and, as a result, sustainable markets were more efficient and attracted more long-term-oriented investors. Although investors were increasingly looking for responsible business, companies, for example in Latin America, still saw sustainability as separate from business. In that regard, stock exchanges played a crucial role given their strategic position as the point where investors met markets. 21. All the plenary speakers underlined the need for Governments to exercise stronger leadership to drive responsible business practice in line with the Guiding Principles by setting clear expectations, leading by example, reinforcing market incentives and enforcing existing legislation. B. Plenary on global governance and policy coherence3 22. The plenary on global governance and policy coherence gathered for the first time senior leaders from the United Nations (the High Commissioner for Human Rights, the Assistant Administrator of the United Nations Development Programme (UNDP), the Director-General of the International Labour Organization (ILO) and the Chief Executive of the United Nations Global Compact) and other international organizations (the Deputy Secretary-General of the Organization for Economic Cooperation and Development (OECD)) working to promote responsible business conduct and sustainability. This panel aimed at signalling the need for alignment of international standards and action to promote corporate respect for human rights as well as reinforcing the message that business respect for human rights must be at the heart of corporate contributions to the 2030 Agenda for Sustainable Development. The panel also focused on the importance of corporate human rights due diligence to enable business enterprises to meet their responsibility to respect human rights. 23. It was noted that the lack of policy coherence at all levels was the main challenge in addressing global governance gaps. However, since the Guiding Principles were unanimously endorsed by the Human Rights Council at its seventeenth session, there has been significant convergence around the Guiding Principles and the concept of corporate human rights due diligence. Participants welcomed encouraging indications of steps in the right direction, such as the 20 national action plans issued to date and the growing, albeit small, number of big enterprises committed to implementing human rights due diligence. 3 6 Videos of the plenary meetings are available at http://webtv.un.org/meetings-events/human-rightscouncil/forum-on-business-and-human-rights/watch/plenary-ii-building-coherence-forum-onbusiness-and-human-rights-2018/5972065478001.