A&P Individual Presentation- Corporate Social Responsibility
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This document defines corporate social responsibility and discusses why businesses should engage in it. It defines CSR as business practices that further social good beyond legal compliance and profit motives. CSR involves responsibilities to stakeholders like employees, customers, and society. Businesses benefit from CSR in four ways - morally, through improved reputation, strategically to increase profits, and through competitive advantages. The document also gives examples of how CSR can directly help businesses' bottom lines by attracting investors and customers and boosting contract wins.
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Corporate Social Responsibility
This document discusses corporate social responsibility (CSR). It defines CSR as a business's commitment to operate ethically and contribute to economic development while improving life for employees, local communities, and society. The document outlines different types of CSR initiatives focused on employees, markets, society, products, and the environment. It shows how CSR code of conduct priorities vary by industry and lists benefits of CSR like enhancing influence, attracting employees, increasing customer retention, and saving money. The document provides a framework for CSR management through planning, implementing, checking, and improving initiatives. It gives examples of Google and IBM's CSR programs focused on sustainability and energy efficiency.
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Corporate social responsibility is defined as a business's commitment to operate ethically and contribute to economic development while improving life for its workforce and local community. It is a voluntary initiative for businesses to contribute to a better society and greener environment. CSR expectations include that businesses behave ethically, contribute to economic growth, and improve life for employees, communities, and society.
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This document discusses the concept of corporate social responsibility (CSR) in India. It begins by defining CSR and noting that while the concept is not new to India, CSR is still in a nascent stage. It then provides examples of forerunners in CSR like the Tata Group and Birla Group, which have engaged in social initiatives for decades. The document also discusses potential benefits of CSR to businesses and notes government support for CSR activities. In conclusion, it states that CSR has evolved in India and that effective partnerships between corporations, non-profits, and the government can further social development at large scale.
Corporate social responsibility in india
CSR seems to be the latest buzzword in the Indian corporate world. This presentation tries to have a 360 degree view of the same.
Corporate social responsibility
The document discusses corporate social responsibility (CSR) and related concepts. It outlines factors driving the need for CSR like globalization and irresponsible behavior by companies. CSR aims to improve society and the environment through sustainable business practices. Developing an effective CSR strategy involves assessing stakeholders, building support, and implementing and monitoring programs. Reporting and metrics help ensure accountability and measure CSR impacts.
Code of corporate Governance
The Code of Corporate Governance establishes rules for listed companies in Pakistan regarding their board of directors, financial reporting, auditing, and corporate ownership structure. It requires boards to include independent directors, sets qualifications for directors and financial officers, and mandates quarterly financial reporting, audit committees, and limits on auditor share ownership. The code aims to improve transparency, accountability, and protections for investors in Pakistani public companies.
Corporate social responsibility PPT | 2015
CSR, Global impact, Indian scenario, clause 135, companies rules 2014, FAQs & Guidance notes issued by ICAI.
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The document provides an overview of corporate social responsibility (CSR) through a presentation by R.K. Sahoo on August 14, 2012. It defines CSR as a company's commitment to operate in an economically, socially, and environmentally sustainable manner. The presentation discusses the importance of CSR and outlines how companies can integrate the principles of CSR, such as by respecting human rights, protecting the environment, and contributing to local communities.
Corporate social responsibility
The document provides an outline for a lecture on corporate social responsibility (CSR). It discusses the types and nature of social responsibilities, CSR principles and strategies, models of CSR, best practices, the need for CSR, and arguments for and against CSR. Examples of CSR programs and initiatives from companies like Tesco, Vodafone, and HSBC are also summarized. The document aims to educate about the concept of CSR and how companies can integrate social and environmental concerns into their business operations and interactions with stakeholders.
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A&P Individual Presentation- Corporate Social Responsibility
- 2. Content • A definition of Corporate Social Responsibility • What is Corporate Social Responsibility? • Why should businesses be socially responsible? • How can businesses make money from Corporate Social Responsibility?
- 3. A Definition Of Corporate Social Responsibility A situation where the firm goes beyond compliance and engages in actions that appear to further some social good beyond the interests of the firm and that which is required by law (McWilliams et al., 2006)
- 4. What is Corporate Social Responsibility(CSR)? • The practical application of business ethics by the firm and a wider commitment to building a better society • CSR is concerned primarily with the firm and it’s relationships with its various stakeholders • Stakeholders include shareholders, employees, customers, suppliers, the community and society and government • There is also a responsibility towards the sustainability of the environment (Needle, 2010, p.300)
- 5. Why Should Businesses Be Socially Responsible? 4 Different perspectives (Needle, 2010, p.304) The moral argument The business argument The strategic argument The critical Perspective
- 6. How Can Businesses Make Money From CSR? • A survey has shown that 80% of investors questioned would be prepared to pay a premium for shares in well-governed companies (Hawkins, 2006, p.191) • Companies that have a responsible approach should be better placed to win contracts or development permission in enviromentally sensitive industries (Hawkins, 2006, p.192) • Customers who have developed trust in a company due to its CSR activities are more likely to resist criticisms of its products and/or activities (Swaen and Chumpitaz, 2008, p.28)
- 7. References Hawkins, D. (2006). Corporate Social Responsibility: Balancing tomorrows sustainability and today's profitability. United Kingdom: Palgrave Macmillan Needle, D,.(2010). Business in context: An introduction to business and its environment. 5th ed. United Kingdom: Cengage Swaen, V & Chumpitaz, R. (2008) Impact of corporate social responsibility on consumer trust. Reserche et application en marketing(english edition). [online]. Vol23. (n-4). p28. Available from http://rme.sagepub.com/content/23/4/7 . [Accessed : 22 October 2014]