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The adoption of corporate social responsibility by developing countries: a case study of the potential effect of CSR on companie - Dissertation Example

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The adoption of Corporate Social Responsibility in developing countries: A case study of the potential effect of CSR on Corporate Sustainability and Stakeholders in Jordan Introduction The obligations of the companies may be legal, ethical or economical towards its stakeholders and the Corporate Social Responsibility may also be discretionary in nature and extend beyond statutes…
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The adoption of corporate social responsibility by developing countries: a case study of the potential effect of CSR on companie
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"The adoption of corporate social responsibility by developing countries: a case study of the potential effect of CSR on companie"

Download file to see previous pages Therefore, Corporate Social Responsibility covers not only fairness, transparency and accountability in the running of the business of the company, but also other social issues such as pollution control, proper disposal of industrial wastes and water and effluent treatment on account of environmental threats to the world in the form of ozone depletion, extinction of species caused by the imbalances in the ecosystem and global warming. Aim and plan of the research proposal The paper seeks to study the formulation and adoption of CSR Policies and implementation of CSR Practices by the corporate companies in the country for a sustainable development taking into account the needs present and of the future generations. Objective of the research The objective of the research is to find whether the adoption of CSR policies by the companies in Jordan has enhanced Corporate Sustainability and profitability. Also, the study seeks to gauge the awareness about CSR among the corporate companies and its impacts on the stakeholders’ interest as well as the society and environment. Background of the study CSR is wide in nature which encompasses corporate governance, business and environmental ethics apart from the shareholders’ interest. ...
Tarif (2005) underlines the responsibilities of the listed companies with regard to disclosure and transparency, and the various regulations in this connection. Central Bank of Jordan has issued Corporate Governance Code for banks in Jordan which insists on the board’s responsibility for the Bank’s financial statements and the contents of the Annual Report, for their accuracy, and for their completeness as a measure of CSR. Stakeholders’ Interest A corporate company is accountable to the various stakeholders who are affected by its activities apart from the shareholders such as employees, creditors, customers, communities where they exist, NGOs, the government and the world at large. For example, an employee is concerned about fair wages and good working conditions. Similarly, there are specific expectations from the other stakeholders. The CSR is a very comprehensive concept that takes into account the interest of all the stakeholders. Business Ethics Lallatin (2004) states “Perhaps, the first thing that becomes apparent in comparing the ethics standards and the social responsibility principles is that “ethics” are embedded in the social responsibility principles”. It speaks about the corporate citizenship in a moral plane as this is applicable to all the companies as to the individuals. However, following highest standards in accordance with the best practices followed in the industry is important. Sustainable Development The industrial and technological developments over the period of time exerted great pressure on environment and the businesses and industries played a major role in the deterioration of the environment. Air and water pollution and ...Download file to see next pagesRead More
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