Principles for good governance of corporate responsibility

You will find BITC's principles for good governance of corporate responsibility set out below.  These are an updated version of the principles set out in Rewarding Virtue: Effective Board Action on Corporate Responsibility (2005) - summary and full report.

1. Provide leadership and commitment to set responsible business values and standards;

2. Think strategically about corporate responsibility;

3. Request regular information on implementation against targets;

4. Engage in improving regulation in your business sector;

5. Align performance management to reward responsible success over the long term;

6. Create a culture of integrity;

7. Use internal audits and risk management to secure responsibility; and

8. Regularly review your governance arrangements.