Following its invasion of Ukraine in March 2022, many international companies voluntarily withdrew from Russia. Yet, morally driven business decisions like these must be well thought-through, as companies will inevitably confront similar situations in the future. The Conference Board’s Paul Washington and Merel Spierings offer guidance for businesses weighing their response to violations of international law committed by countries with which they have business ties. The board’s three-step process for taking a principled decision serves as a well-reasoned starting point for international business leaders.
About the Authors
Paul Washington is executive director and Merel Spierings is a researcher at the ESG Center of The Conference Board.