Corporate Social Responsibility

2476 Words Mar 31st, 2006 10 Pages
Corporate Social Reasonability is a commitment by a corporation to develop socially responsible policies in the areas of work and family life, community welfare, ecology and human rights. Business today has recognized that in order to be successful they must earn the respect and confidence of their customers. Although the bottom line is the concern of any business, companies have now recognized that they have a social and moral obligation to care for the citizens of the world in which they profit. Socially responsible corporations exist because they manage their business processes to produce a positive impact on society. The demand for easing societies problems, such as homelessness, gun violence, child abuse and human rights has …show more content…
Some stockholders of major corporations, although not completely opposed to the idea, do feel that they have a vested interest in where their money is being spent and feel that the corporation needs to be more accountable to them on where and how the funds are allocated (Baker). I feel that CSR is definitely something that all major Corporations need to get involved with because it is the right thing to do. CSR appears to be somewhat of an oxymoron, at least to the reason that it implies that a company 's responsibility to society can take priority over its responsibility to make money for its shareholders. When you are dealing with these major corporations there is an abundance of money for each side whether it be there responsibility to give back to society or to make money for the companies shareholders. Corporate law generally dictates that managers and directors of publicly traded companies, in the decisions they make and the actions they take, must always put their shareholders ' financial interests above all other interests (Crook). Whether those interest are social interests, environmental interests, employees ' interests, consumers ' interests and the public interest. Despite the popularity of the idea, there is actually no imperative for companies to put their shareholders ' financial interests above all other considerations. A lot of these big companies have
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