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A board committee on corporate responsibility is to be established by the defence company BAE Systems.
The multinational is finalizing terms of reference for the committee, which will be headed by a non-executive director and should meet for the first time in the course of the next month.
The decision to create the committee follows a recommendation last year by the csrnetwork consultancy, which was commissioned to look at the FTSE 100 company’s progress on CSR. The group, which has 90,000 staff and in the last financial year had a £12billion ($23bn) turnover, said that the committee would complement its corporate responsibility forum, a cross-departmental group set up in 2004 to improve links on CSR between headquarters and business units. One of the forum’s tasks will be to review how the business units are implementing the group CSR policy, and to write an action plan ‘to drive CSR initiatives locally’.
Board CSR committees have become more common over the past couple of years, but are still relatively rare.
The multinational is finalizing terms of reference for the committee, which will be headed by a non-executive director and should meet for the first time in the course of the next month.
The decision to create the committee follows a recommendation last year by the csrnetwork consultancy, which was commissioned to look at the FTSE 100 company’s progress on CSR. The group, which has 90,000 staff and in the last financial year had a £12billion ($23bn) turnover, said that the committee would complement its corporate responsibility forum, a cross-departmental group set up in 2004 to improve links on CSR between headquarters and business units. One of the forum’s tasks will be to review how the business units are implementing the group CSR policy, and to write an action plan ‘to drive CSR initiatives locally’.
Board CSR committees have become more common over the past couple of years, but are still relatively rare.
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