MCCA (Minority Corporate Counsel Association)’s Post

We at r3.0 engaged in depth with the Corporate Racial Equity Alliance (CREA) over that past few years, to support them in developing a set of corporate performance standards that integrate racial and economic equity thresholds, and tie in to corporate duties & obligations to manage their impacts on rightsholders sustainably. CREA is hosting an important Webinar next week (on 20 May) introducing the draft standards and opening up an extended public comment period. I'm particularly excited to hear from Mahlet Getachew of PolicyLink, who has been leading the development of these standards (which she will be speaking about at the r3.0 Conference this fall in the thresholds & allocations session https://lnkd.in/eTN-QBAf ) Other key players in the standards development who will be speaking include Ashley Marchand Orme of JUST Capital and Kendra Berenson of FSG. And we deeply appreciate the participation of Jocelyn Corbett of PolicyLink & Christine Auwarter of FSG representing CREA in our Global Thresholds & Allocations Network. I strongly encourage folks to attend this Webinar, and participate in the public comment period for these pioneering standards. https://lnkd.in/e7n68mQz

Numbers Confirming Common Sense Widening the solution space including at Board level is the right thing to do and it adds to business viability and value. Good when empirical evidence catches up #diversity #corporatevalue

Not too long ago, we meticulously spelled out the meaning behind "DEI." Today, it seems like everyone's familiar with the term, yet opinions on its relevance vary widely. Many companies recognize the immense value a robust DEI program brings to their operations, despite notable retractions of previous commitments. Just recently, the Aspen Institute Business & Society Program, in collaboration with PolicyLink, convened a thought-provoking panel discussion titled "The Future of DEI in Corporate America." The insights shared shed light on the ongoing importance and evolving landscape of DEI initiatives. Dive into the recap and gain valuable perspectives on shaping a more inclusive and equitable future: https://lnkd.in/eUKMXz-S

Weaponised. Scandal. Villain. Just some of the terms dominating global headlines as debates on the effectiveness of current Diversity, Equity, and Inclusion (DEI) approaches intensify. But is the criticism fair, or an unjust backlash?    Regardless, it's crucial your DEI initiatives withstand scrutiny and deliver real business results.    Join our webinar, 'Has the DEI Bubble Burst?' on March 20. Get ready to question your assumptions and uncover strategies that uphold DEI's fundamental values, ignite innovation, boost performance, and secure essential outcomes. Sign up here: https://lnkd.in/e-k_jQQe

High-performing organizations are 6 times more likely to ensure multiple voices are considered in the decision-making process. Read more on #Insights2Action by Deloitte.

Unlock the Secrets to Future Policy Success: Your Invitation to Shape 2024’s Agenda! Join us on Tuesday, June 25th, from 7:30 AM to 9:30 AM at Australian Parliament House, Canberra, for the Mid-Year Planning Meeting of the Parliamentary Group for Future Generations. This pivotal meeting is not just another gathering—it’s your chance to be at the forefront of shaping effective strategies for the future. 🚀 Why You Can't Miss This: This annual in-person meeting of the Intergenerational Fairness Coalition is your gateway to influencing the next steps in our mission. Here’s why your participation is crucial: 📈 Craft Future-Ready Policies: Delve into strategic planning sessions that promise to set a dynamic agenda for the upcoming Intergenerational Fairness Summit on November 21, 2024. 🌐 Gain Exclusive Insights: Be the first to hear about breakthroughs in global policy and learn from the ongoing Summit of the Future negotiations. 🤝 Synchronise Efforts: Collaborate in real-time with leading advocates and experts to align your initiatives with the broader movement for future generations. 🔊 Amplify Impact: Contribute to a robust discussion about the planned actions and key strategies that will drive us forward in 2024. Interested in attending and having your voice heard in this important dialogue? Contact us at [email protected] by Monday 17th June. Thanks to all who have already RSVP’d—your proactive involvement is shaping the future today. See you there! 🌟

Read into our latest report 💡💡 Over 1,000 respondents shared their invaluable feedback with us earlier this year through surveys and focus groups as part of our effort to evolve the B Corp Standards. In this report, we summarize the 16,000+ pieces of qualitative feedback received during the consultation and outline how we’re moving forward to finalize the standards. We’re excited to share how this collective insight has shaped the Evolution of Standards and the next steps on this journey. As Judy Rodrigues, Director of Standards at B Lab Global, says: "Collaboration with the community and stakeholders to shape the standards is integral to ensuring B Corp standards are ambitious yet achievable, focusing on galvanizing impactful business action on the most pressing social and environmental issues of our time." At B Lab, these standards are at the heart of the BCorp movement. They define the social, environmental, and governance best practices for businesses that drive our vision of an inclusive, equitable, and regenerative global economy, one that benefits all people and the planet. A huge thank you to everyone who contributed! Your input ensures that our standards remain clear, impactful, and relevant to the unique contexts in which our diverse community of B Corps operates. 🧷 Read the full report here: https://bit.ly/47zJ62J

We’re excited to be hosting 2024's Democratic Business Summit in Cardiff with inspiring partners like Cwmpas, Co-operatives UK, Joseph Rowntree Foundation (JRF), Leading Lives, and Anthony Collins Solicitors. This year’s Summit is perfectly poised to influence the government's commitment to "double the size of the co-operative and mutual economy" – so make sure you’re part of expanding democracy in business and communities. Join us to develop a movement-wide approach to: + How can we secure the investment we need to grow the sector? + What would a strong ecosystem of democratic business support look like? + What kinds of  evidence and research can most effectively make the case for a democratic economy/democratic business? + What does our business movement want from the new government? 3 December 2024 from 10am to 4pm 👇 Link to the event info and tickets in the comments below

Frank Shrontz Professor and Director Jeffery Smith recently co-authored a commentary with Professor Tim Hargrave of Central Washington University, examining some well-received ideas in the field of #stakeholdermanagement.   Their work is a response to an important paper in the Academy of Management Review by Flore Bridoux and J.W. Stoelhorst, who offer an innovative application of Nobel laureate Elinor Ostrom’s “community governance model” of cooperation. Their objective is to foster more equity and trust in firms by empowering #stakeholders to become participants in important, firm-level decisions.   Hargrave and Smith, however, discern problems inherent in applying Ostrom’s work. Imbalances in power between stakeholders, an absence of social connection with a firm’s activities and an ease of exit in the marketplace make it difficult for stakeholders to become invested in participation. They therefore argue that stakeholder governance requires added external requirements that mitigate conflicts between stakeholders and foster a more equitable distribution of value.    Explore the full commentary for an in-depth analysis of this exchange. https://wp.me/p2x7zx-v9

Great research piece from Jane Simms: A new study – which looked at coverage of S&P 1500 firms by US news organisations – suggests that firms led by conservative CEOs need to watch out especially https://buff.ly/3RZaTmy