Corporate governance & corporate social responsibility

Economics Explored host Gene Tunny speaks with Stephen Howell, Principal Adviser of Effective Governance, regarding the importance of good corporate governance to a well-functioning economy. They consider examples of how poor governance of companies has damaged economies in the past, and they discuss principles for good corporate governance. Corporate social responsibility is also discussed, beginning with a consideration of Milton Friedman’s doctrine that companies should be run solely in the interests of their shareholders. Links related to the discussion include:Directors at Work: A Practical Guide for BoardsRio Tinto blasted ancient Aboriginal caves for $135m of iron oreGovernance through a crisis