Masthead graphic based on a painting by Gudrun Thriemer.

Tuesday, September 30, 2008

Crane and Matten, "Will the financial crisis lead to more or less Corporate Social Responsibility?" September 29, 2008.

[Crane and Matten ask "what is the prognosis for responsible business when times are hard?" They provide quotations from and links to four blogs that look at "corporate social responsibilty." -jlt]

  Instead of throwing the money changers out of the temple, it would be a case of throwing the CSR priests out of the marketplace.
Adam Jones
Financial Times

  If anything is to come out of this, it has to be that corporate social responsibility once and for all leaves behind the philanthropy tag, and we see clear focus on two areas:

* How we create a different ownership structure for businesses where responsibility for consequences is a more real feature of share ownership.

* That the oversight and accountability demanded of companies now goes into the detail of how they make their money - and what are the consequences of their actions.

Two months ago, such concepts were unthinkable. Now they are essential.

Mallen Baker

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