5 Governing and managing responsibility
The operational part of corporate responsibility signals the transition to practical activities. Making the assumption that a corporation has both a sophisticated understanding of responsibility and an authentic commitment to responsibility, backed up by the necessary ethical leadership, the action that is required will largely depend on two distinct activities: governance and management.
It is important to understand the differences between these two activities. Governance is, first and foremost, the responsibility of the board of directors, while management remains the responsibility of managers, some of whom may also be directors within the corporation. Depending on whether ...
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