Question

Corporate social responsibility (CSR), as practiced by business, means many
different things. Consider the following: “At one end of the broad span of CSR lie
corporate policies that any well-run company ought to have in place anyway, policies
that are called for on any sensible view of business ethics or good management
practice. These include not lying to your employees, for instance, not paying bribes,
and looking farther ahead than the next few weeks. At the other end of the range are
the more ambitious and distinctive policies that differentiate between leaders
andlaggards in the CSR race—large expenditures of time and resources on
charitable activities, for instance, or binding commitments to ‘ethical investment,’ or
spending on environmental protection beyond what regulators demand.
Required:
a. Discuss the meaning of corporate social responsibility.
b. Do companies have an obligation to do more than the law requires? Why or why
not?
c. Should companies report on their social responsibility activities? Why or why not?
d. What is the relevance of CSR disclosures for outside investors?

i need detailed answer

Answer 1

Answer:

a) corporate social responsibility:

corporate social responsibility refers to strategic approaches that include activities to evaluate and assume responsibility for the organization's impacts on environmental and social prosperity. It applies to endeavors that go past of what might be required by controllers or environmental protection groups.

b)

Companies just have an obligation to do what the law requires, yet they should attempt to go past of what is anticipated from them, that way they cann all contibute to improving a world. By accomplishing more than they should they urge others to do as such too, so they are not exclusively being all the more socially responsible, they are making others to be socially responsible as well, this is a far ripple effect.

c)

Companies should report of their social responsibility activities since these days there are numerous investors who check if an organization is socially responsible before they put invest into it and it likewise shows different organizations that you are in effect socially responsible, it inspires them to do it as well in the event that they see that you are reporting this social responsibility activities.

d)

Some investors feel that corporate social obligation or responsibility jabbers about the organization itself, so if an organization shows that it is socially responsible, individuals will feel more confident and  positive about contributing or investing on it since they see that the individuals working there care about the prosperity of others and nature.