Summary of The Road from Principles to Practice

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According to the stereotype, global business leaders are cold-blooded creatures who view every decision through the prism of next quarter’s profits. But a more realistic and nuanced perspective emerges in this report from the Economist Intelligence Unit, which finds that most corporate executives feel a clear responsibility to do business in a way that puts long-term ethical concerns ahead of the immediate bottom line. getAbstract suggests this enlightening study to professionals looking for insights into the future of corporate responsibility and business ethics.

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The Economist Intelligence Unit is an independent research and analysis organization.

 

Summary

Human rights issues have edged into the consciousness of corporate leaders. In a 2014 worldwide survey of 853 senior executives, 83% agree that enforcing human rights is the responsibility of the private sector as well as the government. That marks a sharp shift from the late 1990s, when firms didn’t consider human rights to be a corporate duty. Despite the attitude change, large organizations take time to adapt. Almost one-third of respondents say that, though they accept responsibility for protecting stakeholders, they’re unsure of how to proceed. Some call for regulatory guidance; 20% believe an international treaty on human rights...


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