Framework for Board Oversight of Sustainability

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CSR and corporate sustainability are broad and challenging topics and the directors must carefully consider how the board’s duties and responsibilities will be discharged and allocated among board members.  According to KPMG, the structure and processes a board creates to oversee CSR and corporate sustainability...

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Responsible Management

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Until the late 1980s, companies measured their performance almost strictly in financial terms with the focus being on whether management had made the correct strategic and operational decisions to enhance shareholder value.  Since then, however, as globalization has advanced and criticism of business, particularly large...

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Sustainability in the Boardroom: Ideas for Sustainable Entrepreneurs

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Sandra Taylor, who consulted with major brands include Starbucks and Eastman Kodak on the development and implementation of global corporate social responsibility (“CSR”) strategies, laid out seven steps that companies preparing for listing on public securities exchanges should take when implementing board oversight of corporate...

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Assessing Directors’ Performance of Oversight

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Board oversight of sustainability is not just about establishing and maintaining an effective framework for managing sustainability issues, it should also include appropriate measures for evaluating and improving sustainability governance.  Directors can approach their duties in this area from a number of perspectives.  First of...

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CSR Board Committees

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While corporate social responsibility (“CSR”) and corporate sustainability need to have an important place on the agenda for full board meetings, larger companies typically rely on one or more committees when it comes to allocating specific tasks and tapping into specialized resources and expertise.[1]  One...

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Creating a CSR-Supportive Organizational Culture

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Eccles et al. observed that even though there was empirical support for the view that adoption of sustainability-related strategies was necessary in order for companies to be competitive and that “high sustainability” companies significantly outperformed counterparts that had not adopted environmental and social policies, relatively...

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Investor Interest in CSR and Sustainability

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Customers, employees and corporate activists, including socially conscious investors, have been focusing on issues now commonly associated with CSR and corporate sustainability for several decades, particularly in the areas of environmental protection and human rights; however, CSR has taken on a new urgency for corporate...

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Relationship between Corporate Governance and CSR

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According to Rahim, there is an evolving interplay between corporate governance and CSR, both of which hold economic and legal features that may be altered through socio-economic processes in which competition within the product market is the most powerful force.[1]  Rahim stressed that corporate governance...

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Descriptions of Corporate Social Responsibility

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Masuku briefly described the evolution of thought on the role of business in society, beginning with the observation that the traditional profit centered approach to management originated during the Industrial Age with the presumption that capital formation was the only legitimate role of business and...

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Beyond the Law: Voluntary CSR Standards and Initiatives

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Compliance with laws and regulations is a starting point for becoming a socially responsible company, not only because the legal standards are generally instructive minimum guidelines, but also because failure to adhere to laws and regulations will bring adverse public attention to the company and...

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