Corporate social responsibility is no longer just something that’s nice to do, but it’s quickly becoming interwoven into company strategy and the board’s role in risk oversight. “The world has a lot of issues, and [companies] have a lot of capabilities,” said Deborah Platt Majoras, board member with Valero Energy Corporation & chair of its Nominating and Public Policy Committee. Expectations for today’s companies are shifting rapidly.
In this episode, Majoras explains why her board decided to form a dedicated committee:
- What is the purpose of a public policy committee? What does it oversee?
- Amid today’s societal transformation, what’s the board’s role in guiding the organization?