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Corporate Social Responsibility Reports - Essay Example
This paper talks business enterprises and business proprietors are engaged in trading activities with the motive of maximizing profits or gains. They are expected to uphold integrity and business ethics in transacting their businesses for rightfully gaining. …
As the report declares positive theories are adopted with a motive of explaining or predicting the behaviors of corporate as against prescribing the manner in which such organisations ought to behave. The theories revolve around the common notion that the society and corporate have mutual influences where the society influences the corporate performance while the corporate equally influences on the society.
This discussion declares that organisations are distinct constituents of the larger social systems within which we live in. analyzing economic issues as is done within the CSR brings on board the political theories because the social, political as well as institutional frameworks defines environment in which economic activities by corporations take place. This therefore revolves around integrative theories such as legitimacy theorem as well as stakeholder’s theorem. The legitimacy theorem constitutes the formal and informal constraints to which accounting procedures must adhere. The formal constraints comprise of legal frameworks, accounting standards as well as professionalism, which instigates mandatory disclosures. On the other hand, the informal legitimacy theorem represents self-imposed frameworks of behavior and conventions governing the societies within which organisations run. This is because organisations strive to operate within the predefined rules and regulation governing the societies within which they operate. ...