Columnist Gael O’Brien thinks corporate citizenship may be entering its greatest test. Will a Trump presidency have the effect of muting CEO voices for fear of reprisals and Twitter attacks in a government now controlled by one political party? Or will corporate citizenship, acting out of a bigger sense of purpose, gain increased public trust and support?Full Story»
When Congress approved the landmark Medicare Part D program in 2003 to help seniors buy prescription drugs, it slapped on an unusual restriction: The federal government was barred from negotiating cheaper prices for those medicines. The ban on government price bargaining, justified by supporters on free market grounds, has been derided by critics as a giant gift to the drug industry.
Since the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, American law has required publicly traded companies to detail their sources of so-called “conflict minerals.. Academic research finds that almost 80 percent of firms were unable to determine the sources of the minerals in their products while only one percent could certify their products free of conflict minerals “with great certainty.”
A May 2015 explosion in one of its largest facilities tested Johnsonville Sausages’ organizational purpose and commitments made to its employees. Author Dan Pontefract takes a look at how Johnsonville reacted to that crisis and what lessons there might be for other companies. “Organizational purpose is the opportunity for a firm to define its principles, ethics, leadership and culture,” he writes. “It is imperative for the organization to act on this definition.”
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