Corporate Responsibility Practices
A recent article in the McKinsey Quarterly gets it right: authors Tracey Keys et al talk about CSR as a “creative opportunity to fundamentally strengthen [one’s] businesses while contributing to society at the same time.” The usual approaches – i.e. “pet projects” that reflect “the personal interests of individual senior executives or “propaganda” designed to build a company’s reputation – both fail the test of sound CSR, which they define as “the opportunity for significant shared value creation.” Definitely worth a read.
With the holiday party season in full swing, bankers across America are faced with a dilemma: Do I tell people what I do for a living?
Bankers today fall just below lawyers and persnickety salespeople in the public’s esteem. Even President Obama pulled out the old pejorative “fat cats” to describe Wall Street types – and remind the public that these portly felines were at the root of the financial crisis we’ve endured.
Bankers aren’t used to this kind of scrutiny. No longer answerable only to shareholders or directors, bank leaders now have to consider how their institutions are being viewed in Washington and in communities across America.
So how can bankers burnish their image at a time like this? Here are three ideas: Read