Highlights
Businesses that practice corporate social responsibility aim to improve communities, the economy or the environment. Social responsibility is an ethical theory in which individuals are accountable for fulfilling their civic duty, and the actions of an individual must benefit the whole of society. In this way, there must be a balance between economic growth and the welfare of society and the environment. If this equilibrium is maintained, then social responsibility is accomplished. Social and ethical responsibilities of corporate organization Corporate social responsibility is the commitment of business to behave ethically and contribute to economic development, improvement of labor, family, local community, and society quality of life. A concept whereby companies voluntarily decide to contribute to society welfare and cleaner environment. Prepare a literature review on what is corporate social responsibility and critically discuss its importance in corporate governance focussing on regulatory requirements in corporate governance. Using theory and business case examples, examine, analyse and discuss the following aspects.
1. The ethical and environmental responsibilities of business organisations.
2. Management of employee welfare, workplace health and safety
3. Organisational approaches to positively managing diversity
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