03 January 2012
Tristan Hallam: Most Organisations Have A Corporate Social Responsibility (CSR)
Briefly, this means that they have a policy whereby they appreciate that as an organisation of a reasonable size, they accept their responsibility to society and do their best to put something back. They either support charities or indeed organise funding raising internally. I am pleased to say that at Russell Jones & Walker we do both and it is right to say that any organisation, whatever the size and whatever they do, should always strive to do more. I am however not naïve. I appreciate that some organisations simply have a CSR policy to satisfy public and client. This matters not to me. The most important aspect of any CSR policy is to do as much as it possibly to support organisations in need and that there should be a constant emphasis on doing more. I have written blogs before about the financial crisis that we are in at present. It is accepted by all that the large financial organisations played not just a small part leading to the position that we are now in.I accept in addition that we in the UK rely heavily upon financial institutions for revenue as far as tax is concerned and also employment and certainly when compared to other countries save perhaps for the US and Wall Street, I am sure that anyone will say that it is one of the products that brings in a significant amount of money and that the Square Mile is vitally important to the economy in this country. That does not however remove the responsibility that those organisations have and the duty that they have to assist in sorting out the financial crisis.Everyone has to play their part but even more so those who were responsible, even in part, for the position we are now in. The position is obviously worrying. It is worrying not just for all of us but in particular for those people who are faced as they are in Greece, with the prospect of little prosperity for many years to come to pay off their massive debt. The same thing happened after the 1914-18 war and historians have accepted that this together with the subsequent Depression played a part in the rise of National Socialism which in turn led to the Second World War. We are in dangerous territory and worryingly, history has a habit of repeating itself. We cannot allow this to happen and it is therefore vital that Governments look less so to the people to tighten their belts yet again and instead to those that contributed to the financial crisis. They should not be scared for one moment in imposing on the banks whatever tax is required to reflect their proportion of contribution to the position that we are in. If we try and appease the banks because we are concerned what they might do (and God Forbid any politician thinking about their own personal position and what job they might find in investment banks after they retire from politics) we are I would suggest, doing entirely the wrong thing!I anticipate that history will judge those politicians who shy away from their responsibility, very harshly.Tristan Hallam is a partner in Personal Injury in the London office of Russell Jones & Walker.If you or a member of your family has suffered an accident or injury call our expert personal injury solicitors on 0800 916 9046, fill in our short online claim form or email firstname.lastname@example.org and one of our specialist personal injury team will review your compensation claim for free.
Recent PostsRSS feed
Thursday 18th January 2018
Wednesday 17th January 2018