Corporate social responsibility
Proactive companies and evolving regulatory requirements are prompting a major change in the corporate social responsibility stakes. GC talks to general counsel from a pair of prominent Asian firms to learn more.
While the concept of social responsibility and ethical behaviour by business has been a component of the corporate playbook in North America and Europe for more than a decade, Asia has somewhat lagged behind in the sustainability stakes. With troubling corruption levels, poor reporting standards and significant environmental risks a prominent feature of many countries in the region, the lofty standards now frequently expected by consumers were historically falling well short of the mark.
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