CSR - Q20131205-5

Good question and getting increasingly relevant. If one understands CSR as a strategical management tool, and not as philantropy, then there is no imediate need for governments to monitor, but rather to create a supportive environment were businesses can develop CSR into their own business processes and get rewards for that, maybe not only by the customers and the employees but also by government by incentives. This would give the CSR idea a great kick, as a lot of societies are heavily relying on governments approval or disapproval of things, rather than just doing what is good for business. It will take a while until this notion will change, so up to then, it is less a monitoring position than rather a positive incentive giver role of the government. And this positive incentive can well be that government, government agencies and government owned business implement CSR as first movers to give a good example!