Exploring Corporate Governance Around the World

By Allison Garrett, Senior Vice President for Academic Affairs at Oklahoma Christian University

Monday, March 27, 2006

The EC's Corporate Social Responsibility Scheme

Last week, the EC published a proposal for corporate social responsibility. The Commission is establishing the European Alliance for CSR. Membership and compliance would be voluntary. The proposal addresses a number of subjects relating to how companies integrate social and environmental concerns into their business models. These include, among other items:
  • Best practices;
  • Multi-stakeholder initiatives;
  • Cooperation with Member States;
  • Consumer information and transparency;
  • Research; and
  • Education.

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