Archive for the ‘Corporate Governance’ Category


Max Oliva, Associate Director of IE’s Social Impact Management
The Club de Excelencia en Sostenibilidad, along with the Instituto de Empresa through the Sumaq Alliance, made up of seven of the top business schools in Latin America, have joined forces to bring forward the First Europe-Latin America Congress on Corporate Responsibility. This event will take place on June 26 and 27 of 2006 in Oviedo, Spain.
The Congress will feature sector-specific panels with CEO´s from leading firms based in Latin America and Europe, along with renowned scholars and members of important international institutions with Enrique Iglesias and Hernando de Soto just to name a few, which are at present involved in areas related with: Corporate governance, stakeholder dialogue platforms, socially responsible investment, intangible asset management, responsible innovation, responsible administration of human resources and responsible communication.
View here the Full Programme.
For further information, please click here.


Max Oliva, Associate Director of IE’s Social Impact Management
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Ney York, May 10th, 2006. Organized by ICC in association with the United Nations Development Programme (UNDP) and The Prince of Wales International Business Leaders Forum (IBLF), the awards recognize the best practices of the business sector striving to reach the UN’s Millennium Development Goals of reducing poverty by half around the world by 2015. 10 Projects outstand by tackling critical needs within their local communities while providing a solution. Some Examples are:
CEMEX’s Patrimonio Hoy, initiative which aims to reduce the Mexican housing deficit which leaves more than 20 million people with inadequate shelter. Patrimonio Hoy organizes low-income families into self-financing cells that facilitate and expedite the typical home-building process. CEMEX and its network provide the products needed but also the technical assistance, including an architect who helps design homes to optimize space and reduce waste.
The African Comprehensive HIV/AIDS Partnerships
was formed in July 2000 to advance HIV/AIDS prevention, care, treatment and support in Botswana. To bolster the Government of Botswana’s response to the HIV/AIDS epidemic, the Bill & Melinda Gates Foundation and the Merck Company Foundation have each dedicated $50 million to ACHAP. Their approach includes supporting the development of laboratory capacity to test and monitor patients’ response to treatment; the development of information technology systems to track patient adherence; the development and implementation of the ARV program; and training for healthcare professionals.
The Aavishkaar India microventure capital fund is a venture fund founded to promote development in rural and semi-urban India. Aavishkaar believes entrepreneurs can be a powerful force for development. To this end, the firm provides micro-equity funding (Rs. 10 lacs to Rs. 50 lacs, approximately USD $20 thousand to USD $100 thousand) and operational and strategic support to commercially viable companies increasing income in or providing goods and services to rural or semi-urban India.
Other Initiatives include:
Tetra Pak Food for Development Office
EcoLogic Finance
Alliance for the Elimination of Lymphatic Filariasis
Siwa Sustainable Development Initiative
Sustainable Banking
Health Care Logistics for Northern Mozambique
SOLO Primary School Personal Hygiene Education Program


Max Oliva, Associate Director of IE’s Social Impact Management
FTSE signs at Paris the UNEP Principles for Responsible Investment. More than $4 trillion in assets have signed the Principles. FTSE has committed to providing tools and services for responsible investment, such as benchmarks, tradable and customised indices for a range of institutional and retail investors. This is clearly aligned with their FTSE4Good index series, which meassures the performance of companies who meet international CSR standards.
Read more about the Launch of the Principles for Responsible Investment.
Get to know the 6 principles and the signatories of $4 Trillion in International Funds.


Max Oliva, Associate Director of IE’s Social Impact Management
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Ethical Corporation, in association with EABIS, has just published a review of corporate responsibility education.
“Companies today are operating in a global business environment perhaps more complex and demanding than at any point in history. To meet this demand, management education will have to evolve from being tactical and instrument-oriented programmes – that preach the deeply institutionalised mantra that the “business of business is business” – to ones that give managers practical and real strategic insight into the cultural, economic and political environments in which they operate”. With contributions from faculty from all over the world, including that of Bryan Husted, this is just another source which confirms the strategic importance of corporate responsibility on education.
McKinsey, as we have previously posted, has addressed this issue with a survey on what business executives think in regards to Corporate Responsibility as well as a study of Social Issues from a strategic point of view.
I couldn’t agree more with Professor Gilbert Lenssen on the report’s conclusion: Companies need mangers who can address these issues, not only through an isolated CSR department, but incorporating it across the firm as a strategic competitive advantage.
View the Corporate Responsibility in Education Special Report.


Max Oliva, Associate Director of IE’s Social Impact Management
At Paris, the heads of 18 major institutional investors from nine countries, representing more than $2 trillion in assets, will sign up to the Principles. They join a group of 32 institutional asset owners representing the original $2 trillion which backed the Principles during the international launch in New York.
“In fact, the Principles provide a blueprint for what is fast becoming the only way to do business in the globalizing markets of the 21st Century,” added Mme Barbut.
”The Principles for Responsible Investment forge a much-needed link between corporate responsibility and decision-making in the financial markets,” said Georg Kell, Executive Head of the Global Compact Office. “Through their focus on engagement, not divestment, the Principles represent a major milestone in our efforts to root global business in universal values to achieve a more sustainable global economy.”
To view the article in regards to the first $2 Trillion click here.
To view the 6 Principles click here.
To view the Signatories to the Principles click here.


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The Social Responsibility Club at the Instituto de Empresa (IE) transitioned to a Net Impact Chapter on 26 April. Net Impact’s mission is to improve the world by growing and strengthening a network of new leaders who are using the power of business to make a positive net social, environmental, and economic impact. With over 120 chapters across the world, a central office in San Francisco, and partnerships with leading for and nonprofit organizations, Net Impact enables members to use business for social good in their graduate education, careers, and communities.
For more information click here.


Max Oliva, Associate Director of IE’s Social Impact Management
The 100 Best Corporate Citizens for 2006 have been announced today. Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) has been ranked No. 1
Now in its 7th year, the “100 Best Corporate Citizens” list identifies companies among the Russell 1000, the S&P 500, and KLD’s Domini 400 Social Index that excel at serving a variety of stakeholders. Firms are ranked on service in eight stakeholder categories: shareholders, governance, community, diversity, employees, environment, human rights, and product.
Some companies that have been in the list all 7 years are:
Brady Corporation
Cisco Systems, Inc.
Cummins, Inc.
Ecolab Inc.
Graco Inc.
Herman Miller, Inc.
Hewlett-Packard Company
Intel Corporation
Modine Manufacturing Co.Pitney Bowes, Inc.
Procter & Gamble Company
St. Paul Travelers Companies
Southwest Airlines Company
Starbucks Corporation
Timberland Company
Whirlpool Corporation
To view the full list and/or read more about it click here.


Van Culver, IMBA 2006 Candidate
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Instituto de Empresa Global Citizenship Challenge Team: Van Culver, Russ Browder, Imke Buttkus, Alberto Ordiales, and Alex Corrie (left to right).
On April 1st, a team of Instituto de Empresa (IE) MBA students joined five other business school teams for the finals of The Global Citizenship Challenge, held on the campus of Thunderbird’s Garvin School of International Management in Phoenix, Arizona. The team, sponsored by PwC & IE Corporate Responsibility Center and IE, competed against 55 teams from top business schools to earn the right to attend the finals, where they placed 3rd. IE was the only non-U.S. school selected for the finals. The Challenge, sponsored by Merck, The X-Prize Foundation, and Net Impact, is the largest global case competition in the world focusing on corporate citizenship, sustainability and international development. The final round question challenged teams to devise a way to facilitate cooperation amongst the private and public sectors in order to achieve the United Nations Millennium Development Goals. The IE team proposed an entrepreneurial approach, whereby a social enterprise would match complementary organizations with opportunities in developing countries and provide services to help maintain the partnerships.


Max Oliva, Associate Director of IE’s Social Impact Management
The 2006 Commitment to Development Award honors an individual or organization from the rich world who has made a significant contribution to changing attitudes and policies towards the developing world. It is sponsored by Center for Global Development and Foreign Policy magazine.

The nominees for this year are:
Bill and Melinda Gates, Philanthropists
Bono, Musician and Development Advocate
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Doctors Without Borders/Medecins Sans Frontieres (MSF)
Global Call to Action Against Poverty (Make Poverty History, One Campaign, etc.)
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Jeffrey Sachs, Professor and Director of the Earth Institute at Columbia University
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Jim Fruchterman, Founder and CEO of
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Jimmy Carter, Former U.S. President

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Louis Michel, European Commissioner for Development and Humanitarian Aid
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Rep. Jim Kolbe (R-AZ)
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William Clinton, Former US President
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William Easterly; Author and Professor, NYU
Or Nobody, No award should be given for 2006.
Once you vote, you can see how the nominees are doing on the final race, which ends this week. The Award Recipient, who will be chosen by an expert panel, and the People’s Choice winner will be announced on May 2. To cast your vote click here.


Max Oliva, Subdirector de Social Impact Management, Instituto de Empresa
“La Responsabilidad Corporativa es estratégica y depende del consejo y de toda la organización”
El Centro PwC-IE de Responsabilidad Corporativa, junto con Expansión, organizó el primer debate sobre el papel del órgano de administración en la política de sostenibilidad de las compañías.
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“La RC no debe de estar separada en la gestión, sino imbrigada en los procesos del negocio”. Miguel Iraburu
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“La RC es responsabilidad de toda la organización, de todos los empleados” Isabel Aguilera
“El consejo debe decidir hasta donde se pueden utilizar los recursos de los accionistas”. Juan Miguel Antoñanzas
“Uno de los cometidos del consejo es el revisar el mapa de riesgos del consejo” Eugenio Ruiz-Gálvez
“Dentro de unos años habrán estándares para conocer quien hace realmente RC”. José María Méndez
A continuación se presenta una reseña de dicha conversación, dando inicio a una serie de tribunas que servirán para hacer un estudio a fondo de la Responsabilidad Corporativa por parte del Centro. Este se enfoca en impulsar la investigación, formación y divulgación en materia de RC en tres líneas básicas: Buen Gobierno y Transparencia; Medioambiente y Sostenibilidad; y Sociedad y Diversidad.

Read more…

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