Examples of corporate social responsibility in the following topics:
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- Social responsibility in business is also known as corporate social responsibility (CSR), corporate responsibility, corporate citizenship, responsible business, sustainable responsible business, or corporate social performance.
- The Conference Board of Canada, a not-for-profit organization that specializes in economic trends, organizational performance, and public policy, wrote a National Corporate Social Responsibility Report.
- Companies can demonstrate social responsibility in a myriad of ways.
- Social responsibility can be a normative principle and a soft law principle engaged in promoting universal ethical standards in relationship to private and public corporations.
- Social responsibility in business is also known as corporate social responsibility, corporate responsibility, corporate citizenship, responsible business, sustainable responsible business, or corporate social performance.
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- The topics surrounding Corporate Social Responsibility (CSR) have become more complex due to the globalization of the economy and the issues that arise from companies competing in international markets.
- This heightened awareness of CSR and sustainable development has been endorsed by an increased responsiveness to ethical, social, environmental and other global issues.
- Cases like this, and others such as Enron Corporation and Worldcom in the United States, prompt concerns about corporate governance and accounting standards globally.
- As a result, companies are responding to increased public expectations of responsibility and incorporating the concept of CSR into their operating plans and strategy.
- Corporate Social Responsibility (CSR) is a concept whereby companies integrate ethical, social, environmental, and other global issues into their business operations and in their interaction with their stakeholders (employees, customers, shareholders, investors, local communities, government), all on a voluntary basis.
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- Corporate social responsibility involves the conduct of a business so that it is economically profitable, law abiding, ethical and socially supportive.
- There are a number of projects and initiatives that are shaping the goals and principles of corporate social responsibility and sustainable development, such as:
- The norms include clarification of corporate social responsibilities of companies in countries where they operate, and also refer to human rights in the workplace.
- How important is Corporate Social Responsibility (CSR) as a core value for the top companies in the world?
- Carroll's CSR Pyramid: A three-dimensional conceptual model of corporate social performance.
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- The primary purpose of a business is to maximize profits for its owners or stakeholders while maintaining corporate social responsibility.
- However, social responsibility may also have a critical role in business operations, so American revenue growth continuous existence should not be solely considered in corporate success.
- Philosophers often assert that businesses should abide by some legal and social regulations.
- This concept is called corporate social responsibility (CSR).
- In a sense, corporate social responsibility highlights the fact that business, consumers and society are part of a shared ecosystem, and that the long-term health of this ecosystem must be maintained above all else.
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- Socially responsible trends include corporate citizenship policies, social investing, sustainable accounting & social entrepreneurship.
- Corporate social responsibility (abbreviated CSR; also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business) is a form of self-regulation integrated into a business model.
- A socially responsible business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms.
- Socially responsible investing is the practice of investing funds only in companies deemed to be socially responsible according to a given set of criteria.
- Explain how the advent of socially responsible investing, sustainability accounting, and social entrepreneurship has contributed to the modernization of social responsibility
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- Social responsibility is the idea that an entity needs to act in a way that balances its own gain with societal benefits.
- The notion of social responsibility is far from new.
- He argued that corporations' attempts at social responsibility were "morally wrong," as social issues and concerns were best dealt with by government.
- Social responsibility has taken on heightened importance as a way of building trust in relationships .
- Oil spills and other environmental disasters show the need for social responsibility.
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- Corporate ethics is the ethics of corporate social responsibility (CSR), not corporate personal responsibility.
- The responsibility of a corporation is shaped by two realities: the obligations created by society through (1) law and public policy (legal responsibilities), and (2) the obligations created by corporate culture, i.e. stakeholder (customers, employees, neighborhoods, natural environments) obligations.
- Corporate ethics is therefore really about the creation of a culture of responsibility within the corporation.
- Corporations have no conscience per se, but like any social system can develop a guiding culture, maintained through education and reinforced by the habits and interactions of the people within the corporation.
- The Social Contract between society and the multinational corporation today is being radically renegotiated.
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- Stakeholders may have different interests related to the pursuit of profit and social impact.
- Suppose a corporation is engaging in environmentally harmful practices.
- Pressure from these stakeholders can force the corporation into adopting a corporate self-regulation policy that improves their environmental footprint.
- Increasingly, corporations are motivated to become more socially responsible because their most important stakeholders expect them to understand and address the social and community issues that are relevant to them.
- Branco and Rodrigues (2007) describe the stakeholder perspective of CSR (corporate social responsibility) as the inclusion of all groups or constituents (rather than just shareholders) in managerial decision making related to the organization's portfolio of socially responsible activities.
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- Heightened awareness of CSR and sustainable development has been endorsed by an increased responsiveness to ethical, social, environmental and other global issues.
- Corporate social responsibility (CSR) is a form of corporate self-regulation integrated into a business model .
- This heightened awareness of CSR and sustainable development has been endorsed by an increased responsiveness to ethical, social, environmental, and other global issues.
- Risk management: Managing risk is a central part of many corporate strategies.
- Building a genuine culture of "doing the right thing" within a corporation can offset these risks.
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- S corporations elect to pass corporate income, losses, deductions, and credit through to their shareholders for federal tax purposes.
- Keeping it simple, Bob and John both draw salaries of $94,200 (which is the Social Security Wage Base for 2006, after which no further Social Security tax is owed).
- Employee salaries are subject to FICA tax (Social Security & Medicare tax) --currently 13.3 percent--(4.2% Social Security paid by the employee; 6.2% Social Security paid by the employer; 1.45% employee medicare and 1.45% employer medicare).
- Like a C corporation, an S corporation is generally subject to the laws of the state in which it is organized.
- In order to be eligible for S corporation status, a corporation must meet certain requirements: