04 May '11, 12am

Interesting E&Y report on how boards need to take CSR more seriously, or shareholders will make them:

Board members have been urged to step up efforts to understand and manage their company's corporate social responsibility (CSR ) strategy after a new report predicted half of all shareholder resolutions in 2011 will focus on social and environmental issues. With shareholder proxy season in full swing, a study published yesterday by consultancy giant Ernst & Young (E&Y) shows an increase in the number of sustainability-focused shareholder proposals as well as growing voting support for environmental-related shareholder resolutions over the past decade. FURTHER READING Cost of misreporting CRC data 'substantial', says PwC Total leads way with $1.4bn SunPower bid, but other oil majors unlikely to follow The number of CSR-related shareholder proposals which came to a vote rose from 150 in 2000 to 191 in 2010, and those proposals garnered average voting support of 18.4 per cent...

Full article: http://www.businessgreen.com/bg/news/2047132/boards-urged...

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