Every organization, no matter how large or small, operates with some level of social license. A social license (illustrated below) is the privilege of operating with minimal formalized restrictions (regulation, legislation or market based mandates) based on maintaining public trust by doing what's right. You are granted a social license when you operate in a way that is consistent with the ethics, values and expectations of your stakeholders. Your stakeholders include customers, employees, the localcommunity, regulators, legislators and the media.
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