What are the risks of a board that is not committed to CSR?
Corporate social responsibility (CSR) is the practice of businesses to integrate social, environmental, and ethical values into their operations and strategies. CSR can benefit companies in many ways, such as enhancing their reputation, attracting and retaining talent, reducing costs, and increasing innovation. However, CSR also requires strong leadership and commitment from the board of directors, who are responsible for setting the vision, direction, and oversight of the company. What are the risks of a board that is not committed to CSR? In this article, we will explore some of the potential consequences and challenges that can arise from a lack of board engagement and support for CSR.