The Strategic-Asset GC

Legal Momentum Names Aiming High Award Recipients

By G. Elaine Wood


Directorship Magazine

In 1991, two Harvard Business School professors asked: Can the private sector serve the public good?1 John B. Goodman and Gary W. Loveman argued a somewhat new idea that corporate social responsibility was good for society and for business.2 In the 30 years since, this debate has evolved to focus on environmental, social, and governance (ESG) issues. Should a corporation be accountable for ESG principles and metrics? What role does corporate social responsibility (CSR) play in our society? ...

Author’s Note: The views expressed herein are those of the author and may not necessarily reflect the views of any other organizations with which the author is affiliated.

1. John B. Goodman and Gary W. Loveman, “Does Privatization Serve the Public Interest?”
2. Paul Starr, “Limits of Privatization,” Economic Policy Institute, 1987.
3. Alexander Dahlsrud, “How Corporate Social Responsibility Is Defined: An Analysis of 37 Definitions,” Corporate Social Responsibility and Environmental Management, 2008.
4. Archie B. Carroll, “Carroll’s Pyramid of CSR: Taking Another Look,” International Journal of Corporate Social Responsibility, 2016.
5. Cristina A. Cedilla Torres, et al., “Four Cases Studies on Corporate Social Responsibility,” Utrecht Law Review, November 2012.


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G. Elaine Wood is general counsel of Legal Momentum.


This article is from the Fall 2022 issue of Directorship.