Giving Compass' Take:

• In this post from Philanthropy Impact Magazine (via Campden FB), wealth manager Gina Miller discusses her work at True and Fair Foundation, where Corporate Social Responsibility (CSR) is at the center of the mission.

• What can other private sector leaders learn from Miller's example? Which partnerships are worth pursuing to generate more momentum for consumer protections around the world?

• Here's why many CSR funds should go to civil society organizations.

As a private and corporate philanthropist, I am saddened by the lack of smart corporate giving by the number of companies who embark on charity as a mitigating, guilt trip activity rather than one that infuses the corporate DNA. So many are still failing to employ the same levels of due diligence and strategic thinking they apply to earning money, to giving.

There is no shortage of self-serving corporate philanthropic initiatives or gifts that lead to photo opportunities for CEOs or board members but which are neither effective nor aimed at long term solutions. Rather than giving to just emotive causes I believe, as business leaders and successful businesses, we should also be leading on social problem solving and funding social innovative, long-term solution driven projects and charities.

As a business when we seek to employ, partner or engage with a partner or supplier there are processes, due diligence and governance that we undertake. We use these same processes and resources for our social giving. I meet incredibly bright successful people and companies who think they can’t make a giving decision — what they need, in my view, is to apply their heads as well as their hearts.

Via our True and Fair Campaign, which is calling for dramatic change in the savings and investment industry, we are highlighting anti-consumer practices and proposing solutions and a Code of Ethics, all of which will result in dramatically better outcomes for prudent consumers, as well as greater societal responsibilities from savings and investment companies.

Read the full article about corporate philanthropy and making a difference by Gina Miller at Philanthropy Impact Magazine, via Campden FB.