Business and IT are powerful forces in the rapid development of emerging economies and levelers of the global economic playing field. Corporations are increasingly being evaluated against emerging Corporate Social Responsibility (CSR) standards with financial ramifications. CSR goes far beyond 'below the line' philanthropy and has become a top level strategic imperative. Global managers must now consider compliance implications of a proliferation of standards demanded by non-governmental organizations (NGO's), investors, customers, regulators (increasingly with extra-territorial reach) and even employees. Perhaps the greatest risk is associated with operations in developing economic markets where weak institutional development means a greater need for self regulation and transparency. This session will examine the latest developments in CSR compliance, how corporations are responding, and explore how CSR governance and risk management in the context of IT can be proactively utilized to control risk and bring greater stability to an uncertain external environment.