Thursday, May 5, 2011

The World Economic Forum on Africa (WEF), 2011 & ARCSR

As I check to see the AR-CSR advert on Page 27 of the May 2011 WEF edition of the African Business magazine, I scan through the other pages and lo and behold what I found;

“…true corporate success can only be achieved if managers take a more holistic view of their activities and pay equal attention to all interests – not only of shareholders, clients and customers, as was the accepted business philosophy at the time but also those of their employees, the communities within which they operated and government aims and polities. This concept is now widely accepted worldwide and is usually termed ‘corporate social responsibility’. It has taken its time arriving in Africa but it now increasingly becoming de rigueur in most progressive countries” – Klaus Schwab, Founder, World Economic Forum 2011

Another quote I just read from Alice Korngold:

"I contend that CSR is becoming such a force, that soon, if a company does not invest in CSR, that company's board and shareholders will ask how and why the CEO and his team made such a strategic decision.

That failing to have or integrate CSR into a corporate strategy will no longer happen by default – that one way or the other, CSR will be on the board's agenda."

Need I say more about what the ARCSR is all about?

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