New Corporate Responsibility program

Prof Prakash Sethi

It might not have been purely coincidental that the GSM launched its Graduate Certificate in Corporate Responsibility (GCCR) in the shadows of the world-wide financial crisis and plummeting investor confidence in business practices of such high flyers as Bernie Madoff and more recently Allan Stanford.

At the launch of the program, world-renowned President of the New York-based International Center for Corporate Accountability (ICCA), Prof. S. Prakash Sethi, saluted the leadership and foresight shown by the GSM in recognizing a growing void in management education that must be filled.

Speaking to a mixed crowd of students, academics and industry leaders, Prof. Sethi stressed the necessity of developing new research and pedagogy in this area, commending the leading role that the GSM has shown in this area. He pointed to the fact that the GSM is among a small group of pioneering institutions worldwide that have taken the challenge of launching a full-fledged, stand alone, graduate program in corporate responsibility.

The GCCR is the fruit of the GSM’s strategy to become a world leader in the area of corporate responsibility. In 2008, the GSM became the first business school in Victoria to sign the UN-backed Principles of Responsible Management Education (PRME) and the GCCR is a direct outcome of those principles. The program has been developed in partnerships with the Australian Centre for Corporate Social Responsibility (ACCSR) and an industry board consisting of leaders from organisations like IBM, Telstra, NAB and Westpac.

At a recent conference on corporate responsibility, Dr Leeora Black, MD of the ACCSR, described the GCCR as an exceptionally important step in the professionalization of corporate responsibility as a management practice in Australia. Her sentiments were echoed by the Federal Minister for Superannuation and Corporate Law, Senator Hon. Nick Sherry, who congratulated the GSM on what is the first graduate level qualification in this important and emerging corporate management area.

To find out more about the Graduate Certificate in Corporate Responsibility, contact the Graduate School of Management at www.latrobe.edu.au/gsm or +61 (3) 9479 3100.