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The Rise of CEOs As Social Activists

Societal challenges of our time are mounting, and a growing number of corporations are confronting them

Knowledge at Wharton
Wed, 06/26/2019 - 12:01
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CEOs are stepping forward to confront public policy issues that often extend beyond their core business, in part at the urging of their employees, write Caroline Kaeb and David Scheffer in this opinion piece. Kaeb is co-chair of the Business and Human Rights Pillar and a senior fellow of the Zicklin Center for Business Ethics Research at Wharton. David Scheffer is the Mayer Brown/Robert A. Helman professor of law at Northwestern University’s Pritzker School of Law.

It was not that long ago—less than two years—when The New York Times put a spotlight on “the moral voice of corporate America.” Little did we know how prominent the interventions of CEOs and companies would become in the public square to confront extremism, polarization, discrimination, and governance gaps. True, CEOs and corporations are still beholden to more conventional metrics of corporate success. But a growing number of corporate leaders are publicly taking a stand on policy issues that were formerly the province of politicians alone.

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