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Are U.S. Execs out of Touch on Corporate Social Purpose?

Research shows “a pretty big disconnect” between U.S. and foreign boards of directors on the topic of corporate ESG policy.

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Stock illustration: corporate social responsibility

In the wake of the killing of George Floyd, something unusual happened in the U.S. corporate world. Amazon.com Inc., Netflix Inc., Nike Inc., The Walt Disney Co., ViacomCBS Inc., Warner Brothers Entertainment Inc., YouTube, and many other prominent companies issued statements condemning systemic racism and injustice. 

Never before had so large a swath of corporate America spoken out simultaneously about such a hot-button issue. But was this a hollow, momentary blip—or are corporate leaders ready to be catalysts for real systemic change?

A new study from the Diligent Institute, the research arm of New York-based software firm Diligent Corp., offers some noteworthy insights on corporate social purpose from a domestic and global perspective, amid civil unrest and the novel coronavirus pandemic.  

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