Too Big to Fail, Too Big Not to Know: Financial Firms and Corporate Social Responsibility

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25 Journal of Civil Rights and Economic Development 449 (2011)


This article reconsiders the debate over the role of corporate social responsibility as a governance tool to monitor the behavior of management in financial firms that have been identified by the federal government as "too big to fail." Financial institutions deemed critical to the economy must have corporate governance processes in which board and management decision-making is not only reliable and transparent, but is also engaged in the utmost rigor in assessing profitability and economic viability in financial markets and the communities in which they compete.