"The intersection of law and corporate social responsibility: Human rights strategy and litigation readiness for extractive-sector companies", Oct 2014

...The Guiding Principles fundamentally restructure CSR as a legal discipline. They do not, of course, eliminate the need for stakeholder engagement or public relations strategy. But even when pursuing these ends, extractive-sector companies need to do so in a systematic way informed by legal
concepts and potential legal risks...CSR strategy and reporting will bear on director and officer liability, third-party reliance claims, unfair competitive practices claims, and contract liability...[I]t is essential for the extractive sector to treat CSR seriously as a strategic legal exercise, not an unstructured communications sub-discipline. To return to Friedman’s quotation: the rules of the game have changed, and CSR is no longer an auxiliary social responsibility—it is a business imperative...