StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Is It Justified for orporations to Promote Stakeholder Involvement and Public Good Objectives - Essay Example

Comments (0) Cite this document
Summary
Why corporations should promote stakeholder involvement and public good objectives even when these conflict with the interests of shareholders. Why they should be legally permitted to do so and the extent to which corporate social responsibility is legally required Name Institution Law Tutor Date Introduction There is no precise definition that can be used to encompass what Corporate Social Responsibility (CSR) entails hence diversified definitions of CSR exist…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.1% of users find it useful
Is It Justified for orporations to Promote Stakeholder Involvement and Public Good Objectives
Read Text Preview

Extract of sample "Is It Justified for orporations to Promote Stakeholder Involvement and Public Good Objectives"

Download file to see previous pages CSR also involves the relationship of the organization with its key partners: place of work, supply chain, public policy, and community.1 Firstly, a three dimensional terminology has been used to aid in the definition of CSR. This definition involves three diversified concepts of CSR: altruistic CSR which entails the organizations having the responsibility of acting and living while observing the interest of other people. The second dimension reviews ethical CSR which embeds an organization avoiding social injuries and harm to others as it conducts its operations. The final dimension is strategic CSR which incorporates the actions an entity engages in that translate to its benefit and also the benefit of its stake holders. To a greater extent, the discussion in this paper will be more anchored to reviewing the strategic dimension since the paper aims at reviewing to what extent a corporation should engage in maintaining public good though this move is against the interest of the stakeholders.2 Evidence reveals that CSR has its origins and can be traced back to the United Kingdom with reference to factors that make the UK acquire a leadership role. To begin with, UK has a colonial past especially in the African countries and has a viable international position necessitating its anchor in CSR activities. Consequently, UK serves as the headquarters for a great number of accountancy firms especially those bestowed with CSR embedded in the extensive journalistic expansion in the country. Subsequently, UK felt the prime impact of industrial revolution in the eighteenth century and thus experienced the first privatization of industries thus necessitating the need for early involvement in CSR. In addition, UK has spearheaded majority of the non-governmental community projects and aided in the shape of Shell and Unilever with the aid of Anglo-Dutch drivers. All these factors have worked in unison to give the UK a comparative advantage as far as CSR is concerned.3 CSR has also been defined as incorporating financial reporting of organizations to the relevant stakeholders. 4 The history of disclosing information currently being referred to as CSR has been documented to have existed in the UK since 1900s with reference to Hardfield’s Limited.5 The disclosures in these company included issues dealing with government policy, commercial responsibility, armaments, and professional responsibility to relevant stakeholders. However, the difference was in the quality of information disclosed with the current information being disclosed in the CSR being of a higher quality. This has led to the documentation of the importance and motivations of companies in the UK to engage in disclosures not only with the aim of informing their stakeholders. Disclosure informs the public of the activities of the organization, organizations also derive CSR positive public relations from disclosing and also to meet the disclosure requirements as stipulated by the stakeholders. Also, disclosure illustrates if employees are tailored to meeting the company’s target and to show that organizations abide by the regulations of CSR. Disclosure also reveals to stakeholders the importance of other non-financial activities that an organization engages and thus a ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Is It Justified for orporations to Promote Stakeholder Involvement and Essay”, n.d.)
Is It Justified for orporations to Promote Stakeholder Involvement and Essay. Retrieved from https://studentshare.org/law/1444653-is-it-justified-for-orporations-to-promote-stakeholder-involvement-and-public-good-objectives
(Is It Justified for Orporations to Promote Stakeholder Involvement and Essay)
Is It Justified for Orporations to Promote Stakeholder Involvement and Essay. https://studentshare.org/law/1444653-is-it-justified-for-orporations-to-promote-stakeholder-involvement-and-public-good-objectives.
“Is It Justified for Orporations to Promote Stakeholder Involvement and Essay”, n.d. https://studentshare.org/law/1444653-is-it-justified-for-orporations-to-promote-stakeholder-involvement-and-public-good-objectives.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Is It Justified for orporations to Promote Stakeholder Involvement and Public Good Objectives

Regulating Gun-Control & Public

It would be pertinent to identify the various kinds of arms regulation, put forth by those who advocate them before we understand the dynamics of arms regulation issues. Gun controls are of various kinds, but we shall discuss the most recently executed methods which the scope of this discussion encompasses (Poe, 2001).
Presently, in most of the cities and states of the country, an obligatory waiting period is enforced which is one the most common kind of gun control. This period is usually from three to seven days and the purpose is to slow down the purchase of a gun in order to harness an impulsive desire to execute a crime. A waiting period is often advocated by its proponents due to the reason that in case a person was not...
12 Pages (3000 words) Assignment

British Involvement in Jewish Immigration to Palestine 1919-1939

Britain held close its cards on its motivation for throwing its support in one direction or another in the years between 1919 and 1939. Even though they were the force behind laying the foundation for the rise of Israel as an independent state, they also sent mixed messages making it difficult to say where, if anywhere, the British stood on Middle East relations and Israel.
While Britain’s role in the Middle East would change over the post World War I years, Britain acquired additional Middle Eastern territory following the war. Some Middle Eastern leaders sided with Germany during the war, and, as a result, in the aftermath of the war Britain’s Middle Eastern territories were increased (Kedourie, Elie, [Dann, Uri...
13 Pages (3250 words) Article

Outlining Explicit Learning Objectives and Outcomes for Teachers and Students

Explicit learning is presented by teaching the specific concepts individually and mastery occurs then after. The main key in such a mode of teaching is being highly structured in every activity that is undertaken inside the classroom can be considered as part of the organization of the technique. One of the defining features of the technique is the fact that the teacher commonly points out the part of the lesson where they are in, thus, the term used is explicit teaching (Boyles, 2002).
The explicit form of teaching can be considered to fit lessons that are considered to introduce certain concepts, ideas or skills that are needed to be learned and that the students have low familiarity or experience with. For that matter, the...
10 Pages (2500 words) Report

The Nature of Man: Is Man Good

Augustine will commence. The moderator will be the one to facilitate the discussion for orderly and systematic flow.
Moderator: A pleasant day to all. We are gathered here today to witness the exchange of constructive arguments between two delegates. The first one on my right is a follower of the great political thinker, Aristotle. The one on my left is a passionate believer of St. Augustine. As we all know, Aristotle existed during the Ancient Period while St. Augustine lived in the Medieval Period. Both thinkers have been recognized as the great philosophers who have ever lived.
Before we begin the intellectual exchange of ideas and statements, I will brief you on what is the topic to be touched on. The situation is de...
10 Pages (2500 words) Assignment

Company Strategy to the Public Sector

The definition of corporate strategies emphasizes the need for the organization to satisfy the needs of all the stakeholders if the organization is to achieve its overall objective of maximizing shareholder value. Stakeholders include employees, customers and the communities in which the organization operates. Employees, customers, and communities, therefore, have a significant impact on the success of the organization and thus on the corporate strategy of the organization. In formulating corporate strategy, organizations need to identify and priorities strategic issues, which involve scanning, selecting, interpreting and validating information. (Schneider, 1989).
The aim of this paper is to explain the strategy of an organiz...
7 Pages (1750 words) Assignment

The Evolution of Public Media

To instigate one to a category can now just as easily break out into a full-on discussion that may exhaust time and brain cells and yet still remain undefined.
In so much so that censorship and other restrictions, imposed by governments, critiques, audiences and other artists may condone a certain message of restraint that could bring about a new sense or in some cases lack thereof of artistic freedom. It is no longer a matter of identifying the genre and then moving along with the idea. Today’s global world will continue to embark and expand to involve all who are part of this world to be within the grasp of criticism or acclaim.
This categorizing and boxing up is now becoming obsolete as more and more works show...
9 Pages (2250 words) Coursework

Nile Floods Public Health Disaster: Managing the Disaster using Katrina Experience

The Katrina hurricane disaster that wrecked New Orleans was a classic example of this. Authors, Frank and Trinidad have observed that disaster preparedness is essential in the current socio-political atmosphere. They say that disasters can lead to illness, injury, the devastation of homes, disruptions of essential services, and the displacement of populations. (Frank and Trinidad, 2007). Every disaster teaches the same lessons. “Advance preparation is essential, communication among responders is critical, rules and procedures are helpful, but autonomy and flexibility within limits are key elements of a productive response” (Frank and Trinidad 2007). 

Originating from the monsoon rains, the annual floods...
16 Pages (4000 words) Term Paper

Which of the Business Objectives Might Best Be Applied to the Southampton Solent University

In other words, there is no explicit reference to the achievement of long term objectives and the people being involved in the business with the express intention of making profits.

In this context, the Southampton Solent University’s existence as a business organization in the strategic business sense would be defined as a clear attempt at continuously engaging in the present and future activities with a view to achieving its long term objectives of which the satisfaction of stakeholders, particularly shareholders, is of paramount importance. Its mission statement is “The pursuit of inclusive and flexible forms of Higher Education which meet the needs of employers and prepare students to succeed in a fast-...
8 Pages (2000 words) Coursework

Increasing Public-sector Effectiveness by Changing Organisational Culture

... from a genuine conviction about its social importance and patriotism or benevolence is affective motive. The greater an individual’s public service motivation, the individual is more likely to seek membership in a public organisation. This is positively related to performance. Such organisations are less likely to depend on utilitarian incentives for managing individual performance. Behaviour not directly or explicitly recognized by the formal reward system that promotes the efficient and effective functioning of the organisation is known as organisational citizenship. These include working beyond required job duties, promoting positive environment, being involved in activities, and performing tasks beyond normal role requirements (Kim...
10 Pages (2500 words) Coursework

Juvenile Delinquency and Education: A Comparison of Public and Private Education

... can both the public and private education sectors arrive at mutual and complimentary measures to reduce juvenile delinquency. Review of the Literature The various case studies and researches which have been conducted over the years have attempted to pinpoint its causes. With high ranging statistics of the causal links between adult crime and juvenile delinquency, there is no wonder that there is much effort to gauge the reasons for it. The causes for such behaviour, similar to those of crime irrelevant of age, are found to be due to a number of encompassing social, psychological, and economic factors. Clinically speaking, the underlying roots are related to emotional maladjustments with strong links to dysfunctional family situations...
6 Pages (1500 words) Research Proposal
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Is It Justified for orporations to Promote Stakeholder Involvement and Public Good Objectives for FREE!

Contact Us