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Tuesday, April 30, 2024

Wise Business Leaders Invest in Society, Not Short-Term Financial Returns

Business

Corporates are potent players in our democratic politics and responsible global decision-making, writes Rod Oram, but their response so far is rhetoric, not reform.

‘Corporate political responsibility’ is a new and growing demand on business in some countries. It’s a call for companies and their leaders to play constructive roles in helping their nations solve their greatest challenges, such as climate, inequality, distrust, division and racism.

In simpler times, the minimum expectation on business was to operate within the letter, and hopefully the spirit, of the law. When change was needed, society found businesses were only keen on…

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