Feb 28, 2024
Forbes India: Article by Markus Scholz & N. Craig Smith
Markus Scholz and N. Craig Smith discuss the increasingly expected role of business and its leaders in engaging on political and social issues, highlighting the case of Deutsche Bank's CEO speaking out against right-wing extremism in Germany. They argue that, beyond moral responsibility, there's an economic imperative for companies to protect liberal democracy and the social market economy, which are intertwined. However, the article also notes the controversy and potential negative consequences of companies taking a political stance, highlighting the need for strategic consideration of when and how to act on social or political issues.
You can read the article here.