Corporate Governance and Business Ethics

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Corporate Governance and Business Ethics

Milton Friedman is often quoted as claiming that the only business of business is profit: “There is one and only one social responsibility of business–to use its resources to engage in activities designed to increase its profits.” What is often left off is the rest of his statement: “. . . so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.” Even Friedman thought that freewheeling free enterprise at the service of the bottom line was an impossible effort without abiding by the commonly accepted cultural rules of what is legal and ethical in practice. Photo Credit: Ian Kelsall

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Benefit Corporation Governance is a Best Practice for Sustainability Leaders
Sustainability performance is critical for 21st Century businesses.  Employees and customers throughout the supply chain demand it.  Investors do as well, and with good reason—one recent survey that looks at 200 academic studies found that 88% of sources found that “robust sustainable practices . . . translate...
Oct 15, 2015 12:30 PM ET
Talkback Submission Call: “Corporate Governance and Business Ethics”
At a recent CSR Investing Summit sponsored by S-Network Global Indexes, there was a strong focus on the “G” pillar of ESG—(environmental, social, and governance)—issues. Keynote Speaker Kevin Parker, CEO of Sustainable Insight Capital Management, said that his investment decision-making begins with governance. He looks for “good” governance by boards, management, and...
Aug 25, 2015 12:30 PM ET

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