The increasing dynamic and complexity of daily business, a variety of lifestyles and beliefs about what is right or wrong, as well as differing legal regulations make the task of leading responsibly in a globalizing economy more difficult, complex and uncertain.
In addition to this, grand challenges like global warming, rising inequality, global migration, and poverty, put not only pressure on governments and international organizations, but also on business firms to contribute to a sustainable future for people and planet. As a consequence of the above, those in leadership positions at firms find themselves increasingly facing demands to assume responsibility, not only toward shareholders but also toward society and the environment.