The case against CSR.
Social responsibility is a function of government not business
CSR detracts business from a firms core objectives causing harmful conflicts of interest
Shareholders should only support managers and projects which do good for the business.
Extra costs limits profits.
Fascinating analysis of whether CSR can survive recession. Whether business and government will put profit ahead of responsibility or move to embed CSR into ensuring furture profits are sustainable.
The case against CSR from the Wall St Journal. Shareholders deserve profits! The only way to ensure business behaves is to regulate to ensure costs are higher for unethical trading.
Referring to the refusal of many fund managers to adequately research sustainability issues, he said: "Many companies are not doing it because of costs – the more research you do into investments, the more expensive your cost case is, so people skate over the surface and hope to get away with it."