Model for private sector role in social policy

Debate over the private sector's role in the development of social policy has encouraged risk and insurance firm Marsh Risk Consulting to develop a governance model designed to help company's address social and ethical accountability. The model, known as reputation@risk, gives boards a platform for responding to evolving social responsibility and ethical issues of concern to stakeholders. Marsh managing consultant David Abrahams says a company's reputation may be at risk if its leadership is unprepared to deal with a changing set of non-financial expectations of its investors and othe...