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Environmental technology concept. Sustainable development goals. SDGs.

Brain Circuits

Questions to help you identify potential conflicts of interest on your board: Part 4

IbyIMD+ Published 10 September 2021 in Brain Circuits • 3 min read

In Part 3, we looked at Tier-III conflicts, or those between stakeholders and other stakeholders. In Part 4, the final segment in this series, we look at Tier-IV conflicts of interest – those between your company versus society.

The way a company views its purpose will affect its notion of responsibility, its accountability and how it creates value. In general, companies and society are not in conflict: Corporations contribute to society by inventing new technologies, fulfilling consumers’ demands for goods and services, and creating jobs; society creates the conditions that allow companies to harness their potential for…

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