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Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci - Essay Example
Author : hintzchaim
Finance & Accounting
Pages 5 (1255 words)
CORPORATE SOCIAL RESPONSIBILITY REPORTS Name: Institution: Course: Tutor: Date: Discussion Introduction Corporate social responsibility is a common notion adopted in business models that alludes to some form of self-regulation by corporate systems. It is a system which is built in and self regulating through which businesses ensures frequent evaluation to ensure that it fully complies with the law, international norms as well as ethical standards (Moir, 2001, pp…
Besides, they are expected to uphold integrity and business ethics in transacting their businesses for rightfully gaining. However, in understanding profit maximization as the traditional maxim upon which organisations ran, the modern day maxims dictates that organisations must be concerned of environmental as well as other social issues that surrounds them as dictated by social contract. They are expected to abide in laws governing the trade activities and as such avoid malpractices such as tax evasion, manipulation as well as dishonesty. These are all common practices that business entities or individuals in businesses engage in for maximizing personal or corporate gains. Dishonesty and tax evasion are equally very deliberate acts that persons or businesses engage in order to avoid sharing on the profits realized (‘corporate watch report’, 2006, p. 3). However, it is worth noting that legal frameworks exist and are meant to enforce ethics and morality in trading practices although records show increasing trends in malpractices as discussed. ...
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