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Corporate social responsibility on the other hand can be defined as the responsibility that a Corporation has, beyond economic and legal obligations, to act ethically and to contribute in a positive way to the good of the society (Trevino &Nelson). Corporate social responsibility requires that every business organisation contribute to the good of the society in which it operates.
This paper looks at whether or not the common practice of corporations making campaign contributions in hope of political and legislative favours is in line with these three values of business organisations. In America, Politicians, especially presidential candidates are sponsored by big corporations in exchange for favourable legislations if the sponsored candidates win in the elections. The funding of the political campaigns by corporations is a controversial issue; some people are of the idea that the funding of the political campaigns by politicians is in line with the law, the ethics, and the social responsibility of business organisations, while other people are of the idea that the funding of the political campaigns by corporations is against the law, the ethics, and the social responsibility guiding business organisations. This topic is quite significant because the sponsoring of political campaigns has big influence in the American politics, i.e. without the corporations sponsoring politicians in America, many politicians in America, especially the presidential candidates would not be able to fund their campaigns.
Before we explore the controversy of the funding of political campaigns by politicians, it is important to have background information regarding this topic. On the law and the funding of the political campaigns by the corporations, it is argued that since the law recognizes business corporations as persons, the business corporations have rights to influence the political process by ...Show more
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These three values are the pillars upon which every business organisation is built. Law refers to legal regulations governing business organizations; according to online law…
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