Reporting Standards (IFRS) and International Accounting Standards (IAS) in preparing their general purpose financial statements – the year-/period-end statements prepared for users: shareholders and external stakeholders like employees‚ tax authorities‚ banks and financiers. The IFRS and IAS tell accountants and other preparers of financial statements how to account for transactions and events‚ and what to disclose‚ within the accounts. D MA TE RI AL 10 Part I: Concepts and Basic Standards
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Corporate social responsibility and financial performance in the Australian context Matthew Brine‚ Rebecca Brown and Greg Hackett 1 The concept of social responsibility of corporations has engendered considerable interest in Australia in recent years. While previous research on the relationship between corporate social responsibility and financial performance has largely been based on international data‚ this paper examines the relationship between the adoption of corporate social responsibility
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ONE INTRODUCTION 1.1 Background of the study Over the past twenty years an irrefutable shift to Corporate Social Responsibility (CSR) in companies has occurred (Martin‚ 2004). Corporate Social Responsibility (CSR) is about the contributions a company makes to society through its core business activities‚ its social investment and philanthropy programs. The concept of corporate social responsibility in business has become a popular subject of discussion and debate within both business and academic
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Hong Kong has the responsibility to reward the citizen in need with the profit they earned from the market. Nowadays‚ many people in society expect organizations or enterprises to be socially responsible to the society‚ which is called “social expectation”. The company can sense what society’s needs through the three level of social expectation so that knowing how expectations condition can give insights into the society’s every level. Under the socioeconomic view‚ the social expectations are
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people to be rushed to the hospital and or die. Some of the bottles put up on the shelves were laced with Cyanide. Later on the culprit was later caught‚ after buying cyanide under a fake name a couple weeks before the incident. 2. A. Bank of Montreal. The Bank of Montreal has a stronger presence and relationship with First Nations‚ and multicultural communities. They are even on the Canadian Council for Aboriginal Business’s Progressive Aboriginal Relations program‚ and are a Gold member. This
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STARBUCKS COFFEE CORPORATION SOCIAL RESPONSIBILITY STRATEGY JJT2 SOCIAL RESPONSIBILITY TASK 1 Unknown Introduction Starbucks Coffee Corporation is a world renowned Fortune 500 company headquarter in Seattle‚ Washington USA. It was founded in 1971 with the sole mission to bring the unique Italian coffee experience to the masses. Its CEO Howard Shultz has successfully created a company brand where customers identify its coffee to a distinctive and premium experience. Starbucks Coffee
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Overview of Corporate Governance Corporate Governance is more than just corporate management. In broader sense‚ it includes a fair‚ efficient and transparent administration to meet certain well defined objectives. It is a system of structuring‚ operating and controlling a company with a view to achieve long term strategic goals to satisfy shareholders‚ creditors‚ employees‚ customers and suppliers and complying with the legal and regulatory requirements‚ apart from meeting environmental and local
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EXECUTIVE SUMMARY Purpose of the Report This report attempts to study the CSR activities and initiatives carried out by software giants Infosys Limited‚ to understand the motivations behind these initiatives and benefits to Infosys and society. The report was prepared for the purpose of a report writing exercise in Management Communication. A survey by means of a questionnaire was carried out to determine the level of involvement by employees in these activities and to obtain a general idea of the
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Does Corporate Social Responsibility Affect Firms’ Performance?1 Laura Poddi2 Sergio Vergalli3 July 28‚ 2008 Abstract In the last two decades in the OECD countries there have been a raising development of firms certified as Social Responsible (CSR is the acronym of Corporate Social Responsibility). This kind of certification is assigned by private companies that guarantee that the behaviour of a certain firms environmentally and sociologically correct. Some papers (among others Preston
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Phillips (2007) “Corporate governance is an encompassing policy‚ processes and people‚ which serves the needs of shareholders and other stake holders by directing and controlling management activities with good business savvy‚ objectivity and integrity”. The author stated that sound corporate governance is dependent on external market place commitment and legislation plus a healthy board culture that safeguards policies and processes. Magdi and Nadereh (2002) stress that corporate governance is about
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