Journal Article•
Corporate Governance: Business Ethics and Corporate Social Responsibility
TL;DR: In this paper, the nature and extent of Corporate Governance, Business Ethics and Corporate Social Responsibility are discussed and the impact of objective policies and procedure on the long-term prosperity, competitiveness and sustainability of businesses.
Abstract: In prevailing scenario integrating social economic, environmental and ethical responsibility into the governance of businesses ensures their long term prosperity, competitiveness and sustainability. This Research paper aims at determining the nature and extent of Corporate Governance, Business ethics and corporate social responsibility. Corporate social responsibility is associated with corporate governance and ethical business procedure. Good corporate governance is expected to underpin effective and efficient corporate social responsibility within firms. This paper is an attempt in the direction of appreciating the concept of social accounting in minorities terms, its impact of objective policies and procedure.
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TL;DR: The concept of corporate social responsibility (CSR) has been studied extensively in the literature as discussed by the authors and the evolution of the concept of CSR can be traced back to the United States of America.
Abstract: All the citizens of a country have certain rights and duties. Citizens include not only natural persons but also the companies. Companies should operate as good responsible corporate citizens. Modern corporations cannot shirk their responsibilities because their activities exert a tri-dimensional impact (economic, social, and environmental) on the society. A socially responsible firm not only meets these needs of the society but also enhances its goodwill and creates a long term and sustainable market for its products. This is the concept of corporate social responsibility. This paper attempts to understand the evolution of the concept of corporate social responsibility and its current interpretations. It was found that United States of America pioneered the concept of corporate social responsibility. From just being meant to refer to philanthropy, CSR has come a long way to include the impact of companies’ activities on the environment, economy, society and all the stakeholders. An important term associated with the broader meaning of CSR is ‘triple bottom line’, which means taking care of people, planet and profit.
17 citations
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TL;DR: The concept of corporate social responsibility (CSR) has been studied extensively in the literature as discussed by the authors and the evolution of the concept of CSR can be traced back to the United States of America.
Abstract: All the citizens of a country have certain rights and duties. Citizens include not only natural persons but also the companies. Companies should operate as good responsible corporate citizens. Modern corporations cannot shirk their responsibilities because their activities exert a tri-dimensional impact (economic, social, and environmental) on the society. A socially responsible firm not only meets these needs of the society but also enhances its goodwill and creates a long term and sustainable market for its products. This is the concept of corporate social responsibility. This paper attempts to understand the evolution of the concept of corporate social responsibility and its current interpretations. It was found that United States of America pioneered the concept of corporate social responsibility. From just being meant to refer to philanthropy, CSR has come a long way to include the impact of companies’ activities on the environment, economy, society and all the stakeholders. An important term associated with the broader meaning of CSR is ‘triple bottom line’, which means taking care of people, planet and profit.
17 citations