Business Ethics and Corporate Governance, Second Edition

TODAY’s CORPORATE SOCIAL RESPONSIBILITY

Today’s corporate social responsibility is to ensure the betterment of the society in which it functions.

Possible reasons for CSR achieving such importance may be

• the result of greater acceptance of business as linked to its external environment;
• greater professionalism of management; and
• drawing of managers from all levels of the general society.

  The concept of corporate social performance includes a business organization’s

  • configuration of principles of social responsibility;
  • process of social responsiveness; and
  • policies, programmes and observable outcomes as they relate to the firm’s societal relationships.

Corporate social performance is not only acceptance of the idea of social responsibility, ...