The Right Corporate Social Responsibility Reporting
Is corporate social responsibility a legal point? Can ethics be legislated? Socially responsible corporations are one of the new topics in the public eye. Enron, Fannie Mae, Freddie Mac, the automakers and the bank debacle are just a few examples of the sore lack of corporate social responsibility. When did CEOs and corporate executives start getting yearly salaries in the hundreds of millions, along with juicy stock options, personal chauffeurs and private corporate jets?
One of the automaker CEOs cited security as the reason he could not use commercial flights. Meanwhile, the rank and file workers were being laid off, losing retirement funds, health care and pension plans. When did we start talking about corporate social responsibility reporting? This became an issue when Enron went down. It was a huge news item at the time. In the case of Enron, thousands of workers, many of whom had worked for this corporation for decades, lost everything. Memos came to light, showing that workers were encouraged to continue investing in Enron stock, even when corporate executives knew that the stock was going south. [Read More on The Right Corporate Social Responsibility Reporting Here]
No Comments
No comments yet.
Sorry, the comment form is closed at this time.