International Corporate Social Responsibility (CSR) Module Overview This module introduces you to Corporate Social Responsibility (CSR). This is the idea that‚ in addition to their primary function of making money for the benefit of shareholders‚ businesses have a wider responsibility to the society in which they exist. Although some business people and economists continue to argue that this in not what businesses are for‚ and quote Adams Smith’s dictum that ‘I have never known much good done by
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improperly sub-contracted against the company’s code of conduct‚ and it had taken action accordingly. It said that the clothes affected accounted for around 0.04% of its product sourcing. Primark’s code completely forbids the use of child labour in its supply chain‚ whether directly by immediate suppliers or further down through sub-contractors‚ and has said that it is one area where it will take immediate action to terminate relations with suppliers if they are found guilty of substantive breaches
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Hurricane Katrina: Destruction and Devastation Hurricane Katrina of the 2005 Atlantic hurricane season was the costliest hurricane‚ as well as one of the five deadliest in the history of the United States. The record of Atlantic hurricanes said it was the sixth strongest overall. Prior to Katrina‚ the most deadliest hurricane was the 1928 Okeechobee Hurricane. Hurricane Katrina was formed on August 23‚ 2005 over the Bahamas as a moderate Category 1 hurricane. The storm weakened before making its
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Benn (2003) conceive corporations as channels of social purpose‚ constructed within society to attain useful social 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
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Essay on Corporate Social Responsibility in Context of Nepal Corporate Social Responsibility is 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 community and society at large. While there is no universal definition of corporate social responsibility‚ it generally refers to transparent business practices that are based on ethical values‚ Compliance with
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Corporate Social Responsibility in Banks S.Kavitha[1] Abstract Corporate social responsibility stands for business contribution to sustainable development and covers company’s active participation in different fields‚ human rights‚ human resources‚ relations with clients‚ suppliers‚ and other stake holders‚ corporate governance‚ environment and contribution to community and society. The social responsible attitude is integral part of the identity of financial institutions like banks‚ and it is
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subject of social responsibility in business‚ there are many varying views and theories presented. The argument‚ at the extremes‚ is one that is purely economic in nature and the other that requires corporation’s responsibility to society. Today society demands social responsiveness of businesses in the marketplace. A businesses’ failure to act socially or ethically responsible‚ in some cases‚ could form the foundation for its own peril. My paper attempts to define social responsibility‚ discuss views
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1.1 What is Corporate Social Responsibility? The theory of corporate social responsibility (CSR) is best elucidated by the statement that a company should take a wider view of how its actions and success impact society and stakeholders. CSR identifies that "doing well" and "doing good" go hand in hand. (Leadership and CSR: a Perfect Match). A commonly used definition provided by the World Business Council for Sustainable Developement states that CSR is "Continuing commitment by a business to
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In August of 2005 the strongest hurricane ever recorded to make landfall‚ struck the Gulf Coast of the United States. When Hurricane Katrina made landfall in Louisiana in the early morning of August 29‚ 2005‚ Hurricane Katrina was thought to be a Category 3 Hurricane bringing winds sustained at 100-140 miles per hour‚ but when landfall was made it peaked at a Category 5 hurricane with winds up to 175 miles per hour and was measured about 400 miles across (history.com). On August 29‚ 2005 the New
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CORPORATE SOCIAL RESPONSIBILITY 1. INTRODUCTION Over the past several years the sports industry has grown phenomenally‚ and it now ranks among the largest industries in the world. Concomitant with its growth is an increase in the importance of a element of value which is the corporate social responsibility which has become a necessity in terms of the bottom line. Illegal and immoral activities in all settings have emerged to the point that some factions of the society have made efforts to
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