Here’s a very interesting article detailing a debate held at The University of Michigan Ross School of Business, Oct. 20, 2010, on corporate social responsibility. Here also is my favorite quote from the debate:
“Companies are given a wonderful privilege in society, which is limited liability. And I think society should say to companies the quid pro quo for limited liability is that you will not play a political role at all. Citizens play a political role; companies should just obey political laws, and that’s it. …But the least we can do — and I agree totally with Tom — is have much more transparency and pressure on companies to make their lobbying transparent.” — Aneel Karnani, associate professor of strategy, Ross School of Business, The University of Michigan, Oct. 20, 2010
Please read the entire article for some very thought provoking discussion on the topic of corporate social responsibility, if the topic interests you. I maintain that this is a key aspect of corporate behavior, and critical at a time when corporate power is expanding rapidly in our political system and threatening to swamp the influence of the electorate.
As always, I welcome your comments. – Tim