All tagged corporate social responsibility

European Executives in Iran Ask: 'Should I Stay or Should I Go?'

◢ Many European businesses are pulling out of Iran for fear of being entangled in US sanctions. But these companies are overstating the complexity of the situation. Compliant business in Iran is not only possible, it is also ethically important because it helps support employees who not only face unemployment but will also no longer be influenced by values that promote increased understanding and tolerance in Iranian society. Recognizing such social obligations, Western companies in Iran cannot hide behind the sanctions if their real reason to leave or restructure is lost business result from the management’s lack of business skills, capabilities, and commitment.