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Corporate Social Responsibility (CSR) in 2 words: Ethical Influence #CSRin2words

An investigation of corporate social responsibility conformity: The roles of network prominence and supply chain partners Ellie C. Falcone, Jason W. Ridge https://lnkd.in/ghTgKHcu HIGHLIGHTS Firms use industry CSR norms as a benchmark for CSR engagement–a firm herding behavior known as CSR conformity. Firms conform to industry CSR norms to ensure legitimacy and preserve resources; however, they also need to deviate to differentiate themselves and attract supply chain partners. This research uncovers an inverse U-shaped relationship between firm network prominence and CSR conformity. Additionally, a focal firm can prioritize its industry CSR norms only when its supply chain partners share a compatible CSR standard.

Caroll's CSR (Corporate Social Responsibility) Pyramid is a simple structure for explaining how and why organizations should put CSR values at the center of their operations. The pyramid, developed by Archie Carroll in 1991, is now more relevant than the 9oth. The pyramid, which is frequently referred to and mentioned by business leaders, politicians, and academics, provides businesses with a framework for meeting economic, legal, and ethical obligations in our current fluctuating marketplace. #CSR #Business_leaders #Drahmadelzein #Sustainability

In Today's Spotlight 💫 Join us for a conversation with Jennie Morawetz, ESG & Impact Partner at Kirkland & Ellis. Alaskan resident and former environmental lawyer, her work building an ESG & Impact practice has helped many funds and companies successfully navigate climate change, human rights, and other defining issues of the 21st century. As an ESG & Impact lawyer, she is helping clients invest in a more equitable and sustainable future, and as a member of The Fourth Effect, she is bringing value to business owners and women leaders in Alaska by bringing The Fourth Effect to the 49th State! TFE: Less than a fourth of law firm partners in the U.S. are women- can you tell us how this landscape might have impacted your experience as an associate and now partner? Jennie: Let me start off by saying that on a personal level, I feel incredibly fortunate to have never felt like I was denied an opportunity because I was a woman. The world has always felt very open to me, which I think is quite a sea change relative to my parents’ generation and reflects well on Kirkland & Ellis, where I have spent the last eight years. With respect to the law firm landscape more broadly, many law firms, including Kirkland, are now pretty equally balanced in terms of men vs. women at the associate level. But at more senior levels, it’s no secret that it can be challenging to balance having children with a demanding career, and even beyond kids, I think women tend to... continue reading through link in comments. #womeninlaw #womenlawyers #esg

Advocacy plays a vital role in shaping corporate governance practices for several important reasons: Influencing Policy and Regulation: Advocacy can shape governance by influencing regulatory and policy changes that promote transparency and ethical behaviour. Promoting Accountability: It encourages accountability within organisations, holding leaders responsible for their actions and decisions. Protecting Shareholder Rights: Advocacy safeguards the rights of shareholders, giving them a voice in crucial corporate decisions. Ethical Conduct and Long-Term Value: It fosters ethical business practices and emphasises long-term value creation, considering ESG factors. Crisis Management and Stakeholder Engagement: Advocacy helps organisations navigate crises and fosters engagement with diverse stakeholders, contributing to sound governance practices. Advocacy is critical in shaping corporate governance practices because it drives policy changes, promotes accountability, protects shareholder rights, encourages ethical conduct, and fosters long-term value creation. It plays a crucial role in shaping a corporate culture that values transparency, responsibility, and the interests of all stakeholders. To find out how SCGN can help your organisation; visit https://buff.ly/3SjiJpC #SCGN #CorporateGovernance #Management #Business #Governance #BusinessConsultant #CorporateGovernanceCodes #BoardManagement

Advocacy plays a vital role in shaping corporate governance practices for several important reasons: Influencing Policy and Regulation: Advocacy can shape governance by influencing regulatory and policy changes that promote transparency and ethical behaviour. Promoting Accountability: It encourages accountability within organisations, holding leaders responsible for their actions and decisions. Protecting Shareholder Rights: Advocacy safeguards the rights of shareholders, giving them a voice in crucial corporate decisions. Ethical Conduct and Long-Term Value: It fosters ethical business practices and emphasises long-term value creation, considering ESG factors. Crisis Management and Stakeholder Engagement: Advocacy helps organisations navigate crises and fosters engagement with diverse stakeholders, contributing to sound governance practices. Advocacy is critical in shaping corporate governance practices because it drives policy changes, promotes accountability, protects shareholder rights, encourages ethical conduct, and fosters long-term value creation. It plays a crucial role in shaping a corporate culture that values transparency, responsibility, and the interests of all stakeholders. To find out how SCGN can help your organisation; visit https://buff.ly/3SjiJpC #SCGN #CorporateGovernance #Management #Business #Governance #BusinessConsultant #CorporateGovernanceCodes #BoardManagement

#BusinessLawToday | Adopting corporate social responsibility commitments is crucial to realizing a CSR strategy. Learn about the types of commitments and key steps to develop them. Read: https://lnkd.in/geiHuCFP #Corporations #LLCs #Partnerships

#BusinessLawToday | Adopting corporate social responsibility commitments is crucial to realizing a CSR strategy. Learn about the types of commitments and key steps to develop them. Read: https://lnkd.in/gPAvXYxd #Corporations #LLCs #Partnerships

Corporate social responsibility (#CSR) is pivotal in building trust, as it showcases a company's commitment to ethical practices and societal well-being. When a company is socially responsible, it can greatly enhance its reputation and foster deeper trust with stakeholders. #organisationaldevelopment #trust

FPW recently published this handy FAQ on shareholder advocacy and how Indigenous Peoples can leverage it to forward self-determined priorities- check it out!