POLYTECHNIC UNIVERSITY OF THE PHILIPPINES COLLEGE OF ACCOUNTANCY STA. MESA‚ MANILA CORPORATE SOCIAL RESPONSIBILITY AND GOOD GOVERNANCE NORTHERN CEMENT CORPORATION Group 5 Bergonia‚ Noel A. Labiste‚ Janet T. Manarang‚ Shalla Marie C. Maestrecampo‚ Diana A. Miguel‚ Sherelyn A. Mora‚ Angelina G. Rance‚ Sarah Jane M. BSA H 3-2D PROF. GLORIA TOLENTINO-BAYSA PUP‚ CoA INTRODUCTION One of the important components in constructing a house is cement. It binds the materials to build houses
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Corporate social responsibility Social accounting‚ auditing‚ and reporting For a business to take responsibility for its actions‚ that business must be fully accountable. Social accounting‚ a concept describing the communication of social and environmental effects of a company’s economic actions to particular interest groups within society and to society at large‚ is thus an important element of CSR.[16] Social accounting emphasizes the notion of corporate accountability. D. Crowther defines social
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BUL4310 Is Corporate Social Responsibility beneficial towards Businesses? DCAA Law Firm – Question #14 By: Abuhoff‚ Ryan Alvarez‚ Jessica Caldera‚ Nataly Di Stefano‚ Valentina 3/27/2013 Corporate social responsibility originated in the eighteenth century when Scottish moral philosopher and pioneer of political economics Adam Smith expressed that the needs and desires of society could best be met by the free interaction of individuals and organizations in the marketplace.
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In the recent history‚ corporate social responsibility became one of the standards that companies are trying to achieve. According to Reference for business (ND)‚ corporate social responsibility (CSR) can be defined as "economic‚ legal‚ ethical‚ and discretionary expectations that society has of organizations at a given point in time". Moreover‚ there are several key principles of CSR that have importance to the stakeholders. Stakeholders can be defined as “individuals or groups how depend on the
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A Comparison of Corporate Governance in China and India With the U.S. Dr. Steven Mintz‚ California Polytechnic State University‚ San Luis Obispo‚ CA Dr. Sudha Krishnan‚ California State University‚ Long Beach‚ CA ABSTRACT We examine corporate governance systems in China and India and compare them to provisions of the Sarbanes-Oxley Act and NYSE listing requirements in the U.S. In China‚ the influence of the State as the primary investor in state-owned enterprises restricts the degree to which the
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Corporate social responsibility is the balanced methodology for organisations to address economic‚ environmental and social issues in a way that aims to benefit individuals‚ communities and society. In this essay we will put our opinions about leadership‚ and how it can have a significant impact on how a CSR agenda and its related activities are developed and implemented. We will then focus on the comments made by Chin‚ Bambrick and Treviño (2013) and see if it’s more related to the behaviour theories
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objectives. Henceforth‚ corporate social responsibility commits a significant role towards the sustainability of corporations. Both corporate social responsibilities and sustainability‚ and its related concepts influence all aspects of business. Chandler and Werther (2010) acknowledge the understanding of corporate social responsibilities as an aim to define the future of our society. However‚ the apprehension of corporate social responsibility determines the corporate governances. As the question
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when decisions are made? Are shareholders the most important to consider‚ or is it the customer? Should a company simply meet the required regulations‚ or attempt to go above-and-beyond the requirements? All of the questions involve corporate social responsibility. Corporate Social Responsibility can be defined as “the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local
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Chapter 1 Introduction Corporate governance (CG) is an important effort to ensure accountability and responsibility and is a set of principles‚ which should be incorporated into every part of the organization. The need for corporate governance arises from the potential conflicts of interest among stakeholders in the corporate structure. These conflicts of interest often arise from two main reasons. First‚ different stakeholders have different goals and preferences. Second‚ the stakeholders
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Chapter summary……………………………………………………………. …12 2.0 CHAPTER TWO: LITERATURE REVIEW……………………………… 13 2.1 Introduction..…………………………………………………………………....13 2.2 theoretical framework…………………………………………………………..13 2.3 Good corporate governance and operating costs…………………………….…18 2.4 Correlation between good corporate governance and performance ratios……...20 2.5 Chapter summary……………………………………………………………… 24 3.0 CHAPTER THREE: RESEARCH METHODOLGY………………...……25 3.1 Introduction …………………………………………………………………… 25 3.2 Research
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