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Reflections on Occupy and CSR. Prof. Dr. Michael Hopkins Chairman and CEO MHC International Ltd. www.mhcinternational.com www.corporateresponsibility.ch. November 2012. Zuccotti Park Oct 30 2011. Some other slides. McPherson Sq Washington DC Nov 12. Other slides.
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Reflections on Occupy and CSR Prof. Dr. Michael Hopkins Chairman and CEO MHC International Ltd. www.mhcinternational.com www.corporateresponsibility.ch November 2012
A prognosis? • NEED TO FLATTEN OUT THE ABOVE (TOP) CURVE WITH A FAIRER TAX CODE • MOVE FROM MINDLESS JOB CREATION TO ENCOURAGE INHERENT RESOURCEFULNESS IN PERSONS [SUCH AS STEVE JOBS] • MOVE FROM A DYSFUNCTIONAL US CONGRESS TO MORE EFFECTIVE METHOD OF REPRESENTATION [OVERTURN CITIZENS UNITED, INCREASE TRANSPARENCY AROUND LOBBYING, DO AWAY WITH FILIBUSTER, MAJORITY VOTING NOT 60-40 IN THE SENATE] • USE THE PEACE DIVIDEND WISELY AND NOT NEW WARS • INCLUDE A PUBLIC OPTION IN HEALTH [THE SWISS MODEL ADOPTED BY THE USA WONT WORK] • NEED CORPORATE AND PUBLIC RESPONSIBILITY THROUGH JUDICIOUS AND MORE COOPERATIVE CHOICES AROUND REGULATION
Presidential debate USA Nov 9 th 2011 • Journalist: Milton Friedman said the only social responsibililty of a corporation is to make a profit. What do you think of that? What do you think OWS would react to that • Newt Gringrich: It is amazing that the media never asks OWS people simple questions on what they are all about. • J: Like what? • NG: For instance. Do the occupants of Zuccotti Park know that without profits from Wall Street they wouldn’t have a place to demonstrate in. What do they say to that? • What do you think?
AND NOW? • Essentially there is still a lack of social RESPONSIBILITY • Fragmentation of the CSR concept has taken place • RESPONSIBILITY cannot be replaced by SUSTAINABILITY • Need for a new responsibility of GOVERNMENT
Corporate Social Responsibility (CSR) CSR = Treating Stakeholders of a Corporate Body Ethically and Responsibly aimed at Sustainable development