Question

how do incorporation as a social purpose corporation shifts the duty of Directors--specifically as this relates to representing the interests of shareholders versus representing the interest of a broader range of stakeholders. What are several reasons the founders of a company might opt for incorporation as a social purpose corporation rather than as a more 'traditional' corporation? what do you think will happen in the future with this? Given the past structure and rules governing corporate activities, and the structures and rules governing corporate activities that have emerged over the past decade, extend this trajectory to the future: what changes in options for incorporation and/or Director duty do you predict will take place over the next decade?

Answer 1

In an age of intense competition, what differentiates companies is the public perception of its value system, which depends on how it handles its corporate social responsibility (CSR).

CSR has witnessed unprecedented interest and investments that evolved it completely over the last few years. Now, it becomes both contemporary and contextual issues to the company itself (both at managerial and workforce level), government and all the stakeholders.

Let’s delineate the various parameters or areas that are useful in understanding the concept of CSR and the difference between traditional and modern CSR.

In an age of intense competition, what differentiates companies is the public perception of its value system, which depends on how it handles its corporate social responsibility (CSR).

CSR has witnessed unprecedented interest and investments that evolved it completely over the last few years. Now, it becomes both contemporary and contextual issues to the company itself (both at managerial and workforce level), government and all the stakeholders.

Let’s delineate the various parameters or areas that are useful in understanding the concept of CSR and the difference between traditional and modern CSR.

In an age of intense competition, what differentiates companies is the public perception of its value system, which depends on how it handles its corporate social responsibility (CSR).

CSR has witnessed unprecedented interest and investments that evolved it completely over the last few years. Now, it becomes both contemporary and contextual issues to the company itself (both at managerial and workforce level), government and all the stakeholders.

Let’s delineate the various parameters or areas that are useful in understanding the concept of CSR and the difference between traditional and modern CSR.

In traditional ira of business the only aim of business is profiprofit only. But now the starting point and end point of the business is customer and the corporate social responsibility is the main aim of the business today. Because it will increase the profitability of the business enterprise. The future ira is also the customer and the stake holders are the important elements.

Thank you. I hope this answer is correct. Sorry for any mistakes. And if you have any doubts please ask me.