Corporate Social Responsibility on Your Board of Directors
Boards are taking the lead in guiding companies through the ever-expanding world of corporate social responsibility. They are expected to consider the impact of the Corporation’s business operations and initiatives from a social responsibility vantage point. The board must take into account the interests of customers, shareholders, employees and regulators. The best way to enshrine corporate responsibility best practices is to thoughtfully and purposely fill new board positions with members who bring diversity of thought, gender and ethnic diversity. Women and ethnic minorities who are traditionally underrepresented on corporate boards bring new perspectives, fresh ideas and additional accountability to boards. […]
What is Socially Responsible Recruiting?
Corporate Social Responsibility (CSR) is a consumer-driven trend affecting corporate board and C-Suite decision-making in corporations. It’s no longer enough to have several CSR initiatives and report to shareholders in the annual report once a year. CEOs are holding themselves and their organizations to higher standards. Board directors are under increasing pressure from shareholders and the general public to demand more accountability. Consumers are paying attention to how companies “walk the walk.” There’s nowhere to hide. Recent public blowups about the lack of diversity in corporate America have shined a harsh light on some big tech companies and financial services […]
Why a Diverse Workforce is Important to the Bottom Line
Human Resources’ role in the success of any business is crucial. Its function is to design practices and programs that will benefit the organization and help bolster profitability. The challenge is to draw a direct correlation between HR’s efforts and the profitability of the company – and prove your worth to the boss. Socially responsible search is a new practice that can elevate HR’s role from transactional to transformational. It’s a new way of thinking about talent recruitment and it’s supported by research. According to decades of research by McKinsey and Company, organizations that purposefully recruit and cultivate gender and […]