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Corporations Flaunt Their Social Conscience.
(From The Moscow Times)
At his first meeting with top executives following the arrest of former Yukos chief Mikhail Khodorkovsky, President Vladimir Putin minced no words.
In the future, Putin lectured business leaders last November, entrepreneurs must "fully recognize their social duties" and develop "a system of new social guarantees for the population."
Cowed by the crackdown on oil major Yukos, companies listened up, and corporate social responsibility has since become the latest buzzword in the business community.
"The current focus on corporate social responsibility has been caused by the spirit of 'anti-oligarchism,' which was fueled in the public's mind by pre-election propaganda," said Igor Yurgens, executive vice president of the Russian Union of Industrialists and Entrepreneurs, or RSPP, the country's largest business lobby.
Putin's message may even have intimidated Khodorkovsky in his prison cell. A screed published under his name Monday said: "I became involved in philanthropy and investments into the infrastructure of [Russia's] civil society only in 2000. But it's better late than never."
Large companies are now falling over themselves to demonstrate their social conscience.
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