The duties of the board and corporate social responsibility (CSR)

The company is one of the most ingenious inventions of humanity.3 The company is an all-important vehicle for allocating and efficiently employing capital in our societies, providing goods, services, jobs – and revenue. In short, the company is a vehicle for economic efficiency. We may ask, though, must economic efficiency equal environmental degradation, loss of biodiversity and dangerous climate change? The answer is that it must not and should not, and in the long run, environmental degradation may just as well be economic inefficiency.