Recently, PayPal killed the accounts of anyone pushing racist views. “You have to have the courage to make those decisions” PayPal CEO Dan Schulman.” The action shows how ethical leaders can take relevant actions to promote social responsibility by their companies and key stakeholders. Echoing these concerns about social responsibility, […]
Tag: social licence
Will CEO soon come to mean something really bad?
The simple letters CEO once said it all. They meant you were top of the greasy pole and mainly there to deliver profits for shareholders. Nowadays though, C-E-O means playing many roles, wearing multiple hats and delivering varied results. For example, most senior leaders of large corporations readily talk about the […]
Is this a step too far for nailing bankers?
In August 2014 London Mayor Boris Johnson called for ‘guilty until proven innocent’ to become the law for suspected terrorists. He argued for a reverse of the normal presumption of innocence for those who travel to Iraq and Syria.[1] Let’s not stop at terrorists though. Why not bankers? New laws […]
Big business risks losing its social licence.—Part 2 of 2
See Also Part 1, published 16th May.[spacer height=”20px”] Public distrust of big business poses large issues for all firms. For those in the control tower of the C-Suite, freedom to act can seem ever more constrained. Apart from legal and political limits there are also social demands. [spacer height=”20px”]These demands […]
Big business risks losing its social licence—Part 1 of 2
You need a licence to open a café or sell wine from a UK store. Should enough local people object you may be stopped. This is part of the “social licence”–where society affects what business can do. That a firm needs a social licence seems strange. Yet most would agree […]
Why going beyond compliance makes business sense
Should a company go beyond compliance? Is there any point in doing more than meeting basic regulatory requirements? The latest White Paper from US growth specialists Frost and Sullivan looks at how practices that go beyond compliance can drive company value. The paper’s broad conclusions apply to any organisation wondering whether […]