23 Mar 2009
Last week, insurance industry regulators agreed to take an exceptionally strong position on managing environmental risk issues driven by climate change.
categories: Corporate Responsibility
6 Feb 2009
The Caux Round Table is an international network of experienced business leaders, who work with business and political leaders to design the intellectual strategies, management tools and practices to strengthen private enterprise and public governance to improve our global community.
categories: Corporate Responsibility
13 Oct 2008
The systemic erosion of ethics and responsibility in business and individual decision-making has brought the world economy to a virtual standstill. Algorithmic risk management designed to ignore real world problems, short-term profit driven decisions, extremist free market fundamentalism, and shareholder primacy at the expense of other stakeholders, have divorced business leadership from standards of good faith, wise stewardship and care for the public interest.
Trust the essential element of credit-based market transactions has become a rare commodity. Indulgence in the race-to-the-bottom, profit-at-all-costs, instant gratification mentality of the entitlement culture, can no longer be cloaked in terms of capitalism and the free market. The blame for where we are can be shared by everyone in government and industry who acted only in their immediate self-interest and in apparent belief that the bubble would never burst. Is it any wonder that a recent Washington Post story was headlined, The End of American Capitalism?
Trust the essential element of credit-based market transactions has become a rare commodity. Indulgence in the race-to-the-bottom, profit-at-all-costs, instant gratification mentality of the entitlement culture, can no longer be cloaked in terms of capitalism and the free market. The blame for where we are can be shared by everyone in government and industry who acted only in their immediate self-interest and in apparent belief that the bubble would never burst. Is it any wonder that a recent Washington Post story was headlined, The End of American Capitalism?
categories: Corporate Culture, Corporate Responsibility
24 Sep 2008
Join the Ethos ECE Group on LinkedIN
This is an online collaboration group for Ethics, Environmental, Compliance and Corporate Responsibility professionals interested in cross domain networking and sharing ideas to address better the issues of what Tom Friedman in Flat, Hot and Crowded calls the new Energy Climate Era (ECE). Love Friedman, or hate him, his ideas are worth considering.
Welcome are thought leaders and experts in related fields from not-for profit, for-profit, non-governmental and governmental organizations engaged in understanding positive sustainable change locally and globally.
Please join the discussion.
http://www.linkedin.com/e/vgh/900937/
This is an online collaboration group for Ethics, Environmental, Compliance and Corporate Responsibility professionals interested in cross domain networking and sharing ideas to address better the issues of what Tom Friedman in Flat, Hot and Crowded calls the new Energy Climate Era (ECE). Love Friedman, or hate him, his ideas are worth considering.
Welcome are thought leaders and experts in related fields from not-for profit, for-profit, non-governmental and governmental organizations engaged in understanding positive sustainable change locally and globally.
Please join the discussion.
http://www.linkedin.com/e/vgh/900937/
categories: Corporate Responsibility
7 Mar 2008
Is what you consider a bribe what your international partners consider a necessary investment? Do your international managers follow consistent standards of ethical behavior across national borders or do they follow the maxim: “When in Rome, do as the Romans”?
Consider the implications of “When Does National Identity Matter? --Convergence and Divergence in International Business Ethics” by Wendy Bailey and Andrew Spicer in the Academy of Management Journal (www.aom.pace.edu/amjnew/). The two academics’ dense but award-winning earlier work with Tom Dunfee about how location and culture affect what U.S. and Russian business executives working domestically and in Russia will do when faced with different ethical dilemmas is underscored by this survey of business students. Their newest findings contain a cautionary tale for multi-national corporations and all doing business in the emerging global economy. (See,“Does National Context Matter in Ethical Decision Making?: An Empirical Test of Integrative Social Contracts Theory.” http://aom.pace.edu/amjnew/unassigned/spicer.pdf)
Consider the implications of “When Does National Identity Matter? --Convergence and Divergence in International Business Ethics” by Wendy Bailey and Andrew Spicer in the Academy of Management Journal (www.aom.pace.edu/amjnew/). The two academics’ dense but award-winning earlier work with Tom Dunfee about how location and culture affect what U.S. and Russian business executives working domestically and in Russia will do when faced with different ethical dilemmas is underscored by this survey of business students. Their newest findings contain a cautionary tale for multi-national corporations and all doing business in the emerging global economy. (See,“Does National Context Matter in Ethical Decision Making?: An Empirical Test of Integrative Social Contracts Theory.” http://aom.pace.edu/amjnew/unassigned/spicer.pdf)
categories: Corporate Responsibility
14 Feb 2008
This week, IBM released a study on Businesses Seeking Growth through Social Responsibility available at: www.ibm.com/gbs/csrstudy.
IBM surveyed more than 250 business leaders globally to gauge how deeply Corporate Social Responsibility (CSR) has penetrated the core of corporate strategies and operations to discover that two-thirds of them are focusing on CSR activities to create new revenue streams. However, IBM found fewer than one-quarter of those surveyed believe they understand their customers' and other stakeholders CSR expectations well. This should be an alarming finding in today’s economic environment when customer expectations - and clout - are an increasingly important business dynamic.
IBM surveyed more than 250 business leaders globally to gauge how deeply Corporate Social Responsibility (CSR) has penetrated the core of corporate strategies and operations to discover that two-thirds of them are focusing on CSR activities to create new revenue streams. However, IBM found fewer than one-quarter of those surveyed believe they understand their customers' and other stakeholders CSR expectations well. This should be an alarming finding in today’s economic environment when customer expectations - and clout - are an increasingly important business dynamic.
