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DIRECTIONS You’re interning at the Small Cap Commerce Institute (“SCCI”), a busi
DIRECTIONS You’re interning at the Small Cap Commerce Institute (“SCCI”), a business-oriented nonprofit that advocates on behalf of small cap companies, and you’ve been asked by your mentor to research and draft an op-ed piece for a national publication under your mentor’s name on behalf of the SCCI. Here is the email you received from your mentor: “The SEC recently released proposed rules regarding climate-related disclosures. As you know, the SCCI is a quiet but important voice for small cap companies. These proposed rules would give real teeth to the evolved notion that companies must do more than seek profits for their investors – they must consider all stakeholders by adopting strategies consistent with their social responsibilities. You’ve probably seen the terms and acronyms in the news: ‘Sustainability’, ‘Corporate Social Responsibility’ or ‘CSR’, ‘Diversity, Equity, and Inclusion’ or “DEI’, and ‘Environmental, Social, and Governance’ or ‘E.S.G.’ To be frank, we’re concerned that these proposed rules go too far too fast. They impose a great burden on companies and small caps would be put at a competitive disadvantage - they’re too constricting, too prescriptive. And lately, big names have raised important questions about E.S.G. investing. Having said that, the SCCI also firmly supports the basic principles of CSR and believes that E.S.G. is an important tool for measuring results. We even helped draft the Business Roundtable’s new Statement on the Purpose of a Corporation in 2019 which officially moved away from a corporate purpose focused entirely on shareholders and profits (as outlined by economist Milton Friedman in his famous 1970 essay) towards one that embraces all stakeholders. I need you to draft an op-ed article that expresses our concern about the proposed SEC rules while reaffirming our commitment to CSR principles and making E.S.G. data available for informed investing. I’ve linked some resources for you to start your research. I encourage you to do your own research but start with these and make sure to incorporate the facts, concepts, and ideas in these resources into your op-ed piece. You don’t need to cite these resources (this isn’t a term paper, it’s an op-ed piece) but use them to educate yourself so the audience understands the issues and why we think the proposed SEC rules go too far too fast but still support the broad principles of CSR and ESG. Presume that our audience has attained at least some college education but isn’t very familiar with the proposed SEC rules or the history and evolution of corporate purpose from investor-centric Milton Friedman to stakeholder-centric CSR/ESG. In other words, write to someone just like yourself.” Resources SEC Proposes Rules to Enhance and Standardize Climate-Related Disclosures for Investors Public Comments on Proposed SEC Climate Change Disclosures What’s the difference between CSR and ESG? The Remarkable Rise Of ESG (Alternative Link) The Pushback on E.S.G. Investing (Alternative Link) Business Roundtable Redefines the Purpose of a Corporation The Enduring Wisdom of Milton Friedman The Social Responsibility of Business is to Increase its Profits by Milton Friedman (1970) Formatting Font: Arial Size: 12 Length: 300-500 words How to Write an Op-Ed Piece

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