Why Form a Board Committee for Public Policy or Social Responsibility?

Inside Americas Boardrooms
Corporate social responsibility is no longer just something that's nice to do, but it's quickly becoming interwoven into company strategy and the board's role in risk oversight. ''The world has a lot of issues, and [companies] have a lot of capabilities,'' said Deborah Platt Majoras, board member with Valero Energy Corporation & chair of its Nominating and Public Policy Committee. Expectations for today's companies are shifting rapidly.

In this episode, Majoras explains why her board decided to form a dedicated committee:

  • What is the purpose of a public policy committee? What does it oversee?
  • Amid today's societal transformation, what's the board's role in guiding the organization?