The Center for Ethical
Business Cultures (CEBC) announces the launch of an unprecedented 3-year
project to research and write U.S. and global histories of corporate
responsibility.
The history will track
the evolution of corporate responsibility from post-World War II to the
present examining business impact on stakeholders, including the influence
of key issues and regulatory pressures. For the U.S. history, CEBC has
recruited a distinguished team of scholars from the University of St.
Thomas, Boston University, the University of Georgia, the University of
Virginia, DePaul University and Florida International University, plus other
researchers and business practitioners.
The project is funded as
part of a major $10 million gift to the University of St. Thomas’ “Opening
Doors” capital campaign by Philadelphia entrepreneur Harry R. Halloran,
Jr.. The gift primarily endows the University’s SAIP Institute with a
portion devoted to funding the history of corporate responsibility project
at CEBC.
Authored by Richard F. Ziegler, Managing Partner of Jenner and
Block’s New York office and former Senior Vice President Legal Affairs and
General Counsel of the 3M Company, this report examines the role of the
Board of Directors in “setting the tone at the top.”
Writing as an Executive Fellow for the Center, Richard explores the genesis
of the Board’s role in “setting the tone at the top” then quickly addresses
several important dilemmas and some solutions: The State-of the-Art Dilemma;
the Distant Board Dilemma; the Confidentiality Dilemma; and the Police State
Dilemma. Richard has an important message for members of Boards of
Directors, Chief Executive Officers, General Counsels, Corporate
Secretaries and Ethics Officers.
An
abbreviated version of the report appears in the June issue of Corporate
Secretary