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CSR Research: Responsible Corporate Leadership

ResearchBrief_1483653945_144

Proactive management of human rights risk is a competitive advantage for firms that plan ahead

RESEARCH BRIEF - Firms with a track record of addressing slavery risk, especially for firms that face high exposure to slave labor by virtue of their operating environments were rewarded by investors with positive abnormal returns.

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ResearchBrief_1483653945_144

Job-changing narrows the gender pay gap, but doesn’t eliminate it

RESEARCH BRIEF - Women achieve greater gains in pay than men when moving from one company to another. However, the pay gap persists, driven by inequity in performance-based bonuses.

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ResearchBrief_1483653945_144

Firms that adopt CSR practices are more likely to continue over time

Strong CSR practices can create a virtuous cycle—regardless of past behavior, once firms have adopted CSR behaviors, there is a decreased likelihood of subsequent irresponsible behavior.

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board diversity and women

More women on boards, more ESG transparency

RESEARCH BRIEF - The number of women on boards has a positive impact on disclosure of environmental, social, and governance (ESG) practices, but only when there is at least three or more women directors on the board.

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MnA and corporate citizenship alignment

Mergers and acquisitions: Corporate citizenship as an indicator of cultural alignment

Well-aligned corporate citizenship practices can smooth cultural integration after mergers and acquisitions.

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women increasingly on corporate boards

Women increasingly represented on corporate boards, but don’t hold as much power as men

RESEARCH BRIEF - While women directors are more likely than men to hold positions on multiple boards, there is still work to be done to assure that women directors are positioned to influence firm governance.

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LBGTQ Equality Policies

LGBTQ+ workplace equality policies drive customer satisfaction

RESEARCH BRIEF - LGBTQ+ workplace equality policies enhance a firm’s ability to detect nuanced insights about customers, which results in higher customer satisfaction. However, this can vary depending on the stability of demand among customers.

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board quotas linked to power boost for women directors

Board quotas linked to boost in power for women directors

RESEARCH BRIEF - Voluntary approaches to promote gender diversity on boards (i.e., corporate governance codes), increase women directors’ access to information within a network of other directors. Binding legislation (i.e., gender quotas), increase the likelihood that individual women will act as unique bridges between peers, which heightens their control over information and power within those networks.

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institutional pressures hold women managers back

Institutional pressures hold women back on top management teams

RESEARCH BRIEF - While companies with women CEOs have lower representation of women in top management teams, this effect is lessened when women CEOs hold more power, boards are open to change, and industry growth is stronger.

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geographically diverse boards and strong CSR performance

Geographically diverse boards linked to stronger corporate citizenship performance

RESEARCH BRIEF - Firms with higher board geographical diversity have higher corporate citizenship performance.

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women on boards innovation

Women on boards and innovation: Tokenism is not enough

RESEARCH BRIEF - Gender diversity on boards yields innovation results when the number of women is representative rather than symbolic.

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ceos and csr performance

CEOs are rewarded professionally for positive CSR performance

RESEARCH BRIEF - Using data on CEO departures, financial data, and environmental, social, and governance (ESG) scores, researchers analyzed the relationship between CSR performance and CEO turnover, in addition to a CEOs’ job market prospects.

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