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Businesswomen andCorporate Social
Responsibility
The Third Qatar International Businesswomen Forum
Under the patronage of H.E. Sheikh Hamad bin Jassim bin
Jabr Al-Thani, Prime Minister and Minister of Foreign Affairs
in Qatar.
‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬–‫الكويت‬
info@royalclassacd.com
http://www.royalclassacd.com
AGENDA
Meaning and growing importance of
corporate social responsibility.
Practice and limitations of corporate social
responsibility in the Arab world.
Can businesswomen making a difference?
‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
MEANING OF CORPORATE SOCIAL
RESPONSIBILITY
 There is no common definition. Each company responds in its
own unique way, depending upon its core competencies and
stakeholders’ interests. Country and cultural traditions also
influence how companies respond.
 Corporate social responsibility is the commitment of business
to contribute to sustainable economic development, working
with employees, their families, the local community and
society at large to improve their quality of life (Williams,
2010).
 Social responsibility is fundamentally a philosophy or a vision
about the relationship of business and society, one requiring
leadership to implement and sustain it over time. It is most
effectively treated as an investment, not a cost, much like
quality management.
‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
TYPICAL DIAGRAM OF CORPORATE
SOCIAL RESPONSIBILITY ‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
IMPORTANCE OF CORPORATE SOCIAL
RESPONSIBILITY (con.)
 Globalization of markets, consumer preferences, supply chains
and financial flows. Some business leaders consider
globalization to be a revolution, not simply a trend, since it is
having momentous effects on the economies of all countries
and on corporations in most sectors.
 Increasing intensity of competition. Peter Veill used the
expression ‘managing in white water’ to express the challenge
of meeting the turbulence and instability which global
competition has created. It is unlikely we will ever return to
the comfortable 1989’s.
‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
IMPORTANCE OF CORPORATE SOCIAL
RESPONSIBILITY (con.)
 Rapid technological changes are transforming markets,
alleviating burdensome tasks, enabling greater customization
of production, and contributing to high labor displacement.
Modern information technology makes it possible to
decentralize decision-making without losing «control» and to
introduce more flexible and less hierarchical structures.
 Demographic changes not only threaten the sustainability of
our planet but create a mismatch between jobs and suitably
trained workers, and between present educational systems and
the needs of a knowledge and information-based economy.
‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
PRACTICES OF CORPORATE SOCIAL
RESPONSIBILITY IN THE ARAB WORLD
 CSR presents significant risks and opportunities for
many organizations in the Arab world.
 Stakeholders expect boards and management to accept
responsibility and implement strategies and controls to
manage their impact on society and the environment,
to engage stakeholders in their endeavors, and to
inform the public about their results.
 The proliferation of regulation and voluntary
standards has made CSR management a complex
endeavor.
‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
PRACTICES OF CORPORATE SOCIAL
RESPONSIBILITY IN THE ARAB WORLD (con.)
 The approaches to evaluating CSR activities,
including auditing, facilitating, and consulting.
 Audit considerations such as use of the audit opinion,
independence and objectivity, and types of resources.
 Considerations in developing the internal audit
program, including whether CSR information is
consistent with standards and how management
communicates and sets priorities for CSR strategies.
‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
LIMITATIONS OF CORPORATE SOCIAL
RESPONSIBILITY IN THE ARAB WORLD
 Some companies may take CSR as a merely a
corporate jargon for their good image and not showing
some concrete commitment towards the society. Some
companies do charities only for the sake of making
profits and saving taxes not with the intention of
responsibilities towards the society.
 The risks (operational, reputational, etc.) associated
with CSR activities and how to use such knowledge in
audit planning.
‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
LIMITATIONS OF CORPORATE SOCIAL
RESPONSIBILITY IN THE ARAB WORLD (con.)
 The emerging markets of the Arab world offer
markedly different contexts, constraints and
possibilities for CSR activity and research, and many
Arab companies stand out in their creative efforts to
do good for the communities in which they operate.
 Yet the operation of managing a fair CSR needs to be
more organized and audited in a proper method so that
to achieve its real goals, and that is due to the similar
conception between CSR and Zakat, which is
considered of Islam religion ritualism.
 More effort should be made for accomplish a good
categorizing for CSR in the firms of the Arab world.
‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
CAN BUSINESSWOMEN MAKING A
DIFFERENCE?
 CSR towards women empowerment can become ray
of hope in many ways right from changing attitude
towards women in the society to making women
independent financially, physically and socially and
enabling them to stand on their feet.
 Business women in the Arab world can definitely able
to achieve more sensible and organized CSR
operations, as their feminine nature, they can feel with
other women needs in society, and of course most of
those business women are social activists in the first
place.
‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
REFERENCES
 Williams, Geoffrey and John Zinkin (2010), ‘Islam and CSR:
a study of the compatibility between the tenets of Islam and
the UN Global Compact’, Journal of Business Ethics, 91,
519–33.
 Corporate social responsibility picks up in Kuwait. (n.d.)
retrieved on January 23, 2010 from
http://www.ameinfo.com/145699.html
 CSR-Weltweit official website. (n.d.)retrieved on January 23,
2010 from
http://www.csrweltweit.de/uploads/tx_jpdownloads/FinalBac
kgroundPaper_CSRConference_Cairo.pdf
 Stakeholder Analysis. (n.d.). retrieved on January 23, 2010
from
http://www.mindtools.com/pages/article/newPPM_07.htm
‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
THANK YOU
‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬

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Women Business CSR Forum

  • 1. Businesswomen andCorporate Social Responsibility The Third Qatar International Businesswomen Forum Under the patronage of H.E. Sheikh Hamad bin Jassim bin Jabr Al-Thani, Prime Minister and Minister of Foreign Affairs in Qatar. ‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬–‫الكويت‬ info@royalclassacd.com http://www.royalclassacd.com
  • 2. AGENDA Meaning and growing importance of corporate social responsibility. Practice and limitations of corporate social responsibility in the Arab world. Can businesswomen making a difference? ‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
  • 3. MEANING OF CORPORATE SOCIAL RESPONSIBILITY  There is no common definition. Each company responds in its own unique way, depending upon its core competencies and stakeholders’ interests. Country and cultural traditions also influence how companies respond.  Corporate social responsibility is the commitment of business to contribute to sustainable economic development, working with employees, their families, the local community and society at large to improve their quality of life (Williams, 2010).  Social responsibility is fundamentally a philosophy or a vision about the relationship of business and society, one requiring leadership to implement and sustain it over time. It is most effectively treated as an investment, not a cost, much like quality management. ‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
  • 4. TYPICAL DIAGRAM OF CORPORATE SOCIAL RESPONSIBILITY ‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
  • 5. IMPORTANCE OF CORPORATE SOCIAL RESPONSIBILITY (con.)  Globalization of markets, consumer preferences, supply chains and financial flows. Some business leaders consider globalization to be a revolution, not simply a trend, since it is having momentous effects on the economies of all countries and on corporations in most sectors.  Increasing intensity of competition. Peter Veill used the expression ‘managing in white water’ to express the challenge of meeting the turbulence and instability which global competition has created. It is unlikely we will ever return to the comfortable 1989’s. ‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
  • 6. IMPORTANCE OF CORPORATE SOCIAL RESPONSIBILITY (con.)  Rapid technological changes are transforming markets, alleviating burdensome tasks, enabling greater customization of production, and contributing to high labor displacement. Modern information technology makes it possible to decentralize decision-making without losing «control» and to introduce more flexible and less hierarchical structures.  Demographic changes not only threaten the sustainability of our planet but create a mismatch between jobs and suitably trained workers, and between present educational systems and the needs of a knowledge and information-based economy. ‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
  • 7. PRACTICES OF CORPORATE SOCIAL RESPONSIBILITY IN THE ARAB WORLD  CSR presents significant risks and opportunities for many organizations in the Arab world.  Stakeholders expect boards and management to accept responsibility and implement strategies and controls to manage their impact on society and the environment, to engage stakeholders in their endeavors, and to inform the public about their results.  The proliferation of regulation and voluntary standards has made CSR management a complex endeavor. ‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
  • 8. PRACTICES OF CORPORATE SOCIAL RESPONSIBILITY IN THE ARAB WORLD (con.)  The approaches to evaluating CSR activities, including auditing, facilitating, and consulting.  Audit considerations such as use of the audit opinion, independence and objectivity, and types of resources.  Considerations in developing the internal audit program, including whether CSR information is consistent with standards and how management communicates and sets priorities for CSR strategies. ‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
  • 9. LIMITATIONS OF CORPORATE SOCIAL RESPONSIBILITY IN THE ARAB WORLD  Some companies may take CSR as a merely a corporate jargon for their good image and not showing some concrete commitment towards the society. Some companies do charities only for the sake of making profits and saving taxes not with the intention of responsibilities towards the society.  The risks (operational, reputational, etc.) associated with CSR activities and how to use such knowledge in audit planning. ‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
  • 10. LIMITATIONS OF CORPORATE SOCIAL RESPONSIBILITY IN THE ARAB WORLD (con.)  The emerging markets of the Arab world offer markedly different contexts, constraints and possibilities for CSR activity and research, and many Arab companies stand out in their creative efforts to do good for the communities in which they operate.  Yet the operation of managing a fair CSR needs to be more organized and audited in a proper method so that to achieve its real goals, and that is due to the similar conception between CSR and Zakat, which is considered of Islam religion ritualism.  More effort should be made for accomplish a good categorizing for CSR in the firms of the Arab world. ‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
  • 11. CAN BUSINESSWOMEN MAKING A DIFFERENCE?  CSR towards women empowerment can become ray of hope in many ways right from changing attitude towards women in the society to making women independent financially, physically and socially and enabling them to stand on their feet.  Business women in the Arab world can definitely able to achieve more sensible and organized CSR operations, as their feminine nature, they can feel with other women needs in society, and of course most of those business women are social activists in the first place. ‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
  • 12. REFERENCES  Williams, Geoffrey and John Zinkin (2010), ‘Islam and CSR: a study of the compatibility between the tenets of Islam and the UN Global Compact’, Journal of Business Ethics, 91, 519–33.  Corporate social responsibility picks up in Kuwait. (n.d.) retrieved on January 23, 2010 from http://www.ameinfo.com/145699.html  CSR-Weltweit official website. (n.d.)retrieved on January 23, 2010 from http://www.csrweltweit.de/uploads/tx_jpdownloads/FinalBac kgroundPaper_CSRConference_Cairo.pdf  Stakeholder Analysis. (n.d.). retrieved on January 23, 2010 from http://www.mindtools.com/pages/article/newPPM_07.htm ‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬
  • 13. THANK YOU ‫األكاديمية‬ ‫لألبحاث‬ ‫كالس‬ ‫رويال‬-‫الكويت‬

Editor's Notes

  1. Chapter 1 : research objectives p. 15
  2. Chapter 1 : research objectives p. 15
  3. Chapter 1 : research objectives p. 15
  4. Chapter 1 : research objectives p. 15