Shared value is a different way of looking at CSR that offers a view to the possibility of inherent social responsibility, and the great potential that it offers to people and their economies. That potential lies in serving un- or underserved communities, of which there are many. For example, services directed at specific ethnic groups and immigrants, or hyper-local businesses that understand and meet their communities' needs better than faceless franchises.
After I joined the board of directors at a not-for-profit arts organization, it didn’t take long for me to wonder how I’d balance my new obligations with the rest of my day-to-day life. I’d volunteered before, but only informally. Now I have regular responsibilities, mainly meetings and fundraising. I’ll probably invest 70 to 80 hours volunteering with the organization this year. It’s a worthy cause, but it’s also worthwhile to question the time commitment.
Established in 1995, First Reference provides organizations with practical and authoritative resources to help ensure compliance with constantly changing Canadian legislation and best practice