On 23 February 2022, the European Union (EU) Commission adopted a proposal for a Directive on corporate sustainability due diligence (Draft Directive). When the EU Commission opts for a Directive, in effect the EU is setting a goal that all member states must achieve, but how they get there legislatively is up to each state individually. In an [...]

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In his epochal, controversial and highly polarizing essay, “The Social Responsibility of Business Is To Increase Its Profits,” published in the New York Times Magazine some 70 years ago, Nobel Prize-winning economist Milton Friedman argued against the social responsibility of businesses, and explicitly declared that “the business of business is business.” The shareholder value theory of the [...]

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On November 4, 2021, US Senators Rob Portman (R-OH) and Jacky Rosen (D-NV) announced the introduction of S.3175 – 117th Congress (2021-2022): Advancing American Artificial Intelligence Innovation Act of 2021 to Congress. Although the stated goal of S. 3175 is to ensure private companies have access to accurate data so they can better meet Department of Defense [...]

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