Center for Values-Driven Leadership at Benedictine University
It has been over 10 years now, but I remember it like a scene in a movie. Work was progressing normally, overviewing spreadsheets for the various individually-managed real estate projects owned by the company for which I worked as the Chief Financial Officer.
The spreadsheets had always made sense to me, but now the numbers weren’t adding up. Sources of money were unclear. I began to see a pattern: bank loan proceeds designated for one project was being unethically (and perhaps illegally) shifted to other, unrelated projects. What was worse, this activity appeared to have been going on for some time and I’d unknowingly signed off on several of these transactions.
- CEOs speaking in their own voice (responsibility of the chief marketing officer)
- Empowering employees to be the company’s biggest champion (responsibility of the chief HR officer)
- Expanding collaboration amongst industry peers (responsibility of the chief social responsibility officer)
- Making a business case to investors (responsibility of the chief financial officer)
Storytelling is a hot marketing buzzword these days, and for good reason; in the business world, it’s the newest form of smart corporate communications. Telling your story is imperative for many aspects of business, and a particularly important practice when it comes to strategic philanthropy.
Administrators of successful volunteer and giving programs understand that storytelling makes a big difference in how their corporate philanthropy efforts impact their chosen causes as well as their employees and business community.
CEO and Chairman
MGM Resorts International
Doing the right thing should be a standard in our personal lives, and our business lives.
It’s clearly the way those companies on the 100 Best List---published in this edition of CR Magazine--- conduct themselves. The companies that made the 2014 list, and their employees, are leading the effort every day to do the right thing. We offer our thanks and our congratulations to those companies that were ranked.
At MGM Resorts, we have long held the conviction that the success of our company, and subsequently our resorts, is inextricably tied to the well-being of the communities where we operate.
As a hospitality and entertainment company, the health and vibrancy of our communities plays a critical factor in our ability to host guests, entertain them and, in doing so, create lasting lifetime memories for them.
Conflict Minerals Company Rankings Compared to CSRHub Ratings
By Cynthia Figg, COO & C0-Founder, CSR Hub
Companies are under pressure from many stakeholders to report progress towards improved corporate social responsibility (CSR) performance. The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act has created a new source of pressure. The 2012 final rule from the U.S. Securities and Exchange Commission (SEC), requires most companies subject to SEC filing rules to report to the SEC by May 31, 2014, if any of their products produced in calendar year 2013 contain conflict minerals. In July, a federal judge ruled against a challenge to the new conflict mineral rules and upheld the law. Even companies headquartered outside of the United States, and those which do not report to the SEC, may be subjected to conflict minerals requests from customers that report to the SEC.
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