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Corporate Social Responsibility

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Corporate Social Responsibility
10/3/2012

Corporate Social Responsibility
Introduction: A Stakeholder’s
Perspective
Perspective

Recent Business Incidents for
Deliberation – 1
• Toyota: http://www.youtube.com/watch?v=qNm-h9FbJg&feature=channel
• The Octopus: http://www.youtube.com/watch?v=o30eVK1C1C0
• Cafe de coral: http://www.chinadaily.com.cn/hkedition/201011/04/content_11499922.htm
• Minimum Wages
▫ http://www.youtube.com/watch?v=Wnwck09iBdU&feature=fvsr
• Cafe de Coral
▫ http://www.youtube.com/watch?v=BG47rvQVP0A&feature=fvsr
• PCCW and HSBC
▫ http://www.youtube.com/watch?v=GPEn3LZNTJc&feature=fvsr

1

10/3/2012

Cases of lack of Corporate Social
Responsibility?
• Olympus accounting scandal

▫ http://www.cbsnews.com/video/watch/?id=7389690n

• Meng Niu Milk Scandal

▫ http://www.globaltimes.cn/NEWS/tabid/99/ID/689954/Mengniumilk-scandal-forces-company-to-tighten-cow-fodder-inspections.aspx
▫ http://www.youtube.com/watch?v=7bUEd7GPJ44

• CLP Tariff increases

▫ http://www.youtube.com/watch?v=n61s0ej0a7w (Chief Executive)
▫ http://www.youtube.com/watch?v=EQzgA_dobzg (SAR Government –
EPB)
▫ http://www.youtube.com/watch?v=hlE3EVhSNcI (General public)
▫ http://www.youtube.com/watch?v=EseoUL6lDgk&feature=related (CLP
–final decision)
▫ http://www.youtube.com/watch?v=1uRt-4yAAY8&feature=related
(News report)
▫ http://www.youtube.com/watch?v=mo-145CDgbs&feature=related
(News)

Reflections on Business
• Do you agree with that “the Social Responsibility of Business is to
Increase its Profits (a remark by Milton Friedman)”?
• Are profits the only business of business? – the location of corporate social responsibility
• Do you agree with that “others have a legitimate claim on the corporation (a reply by Freeman to Friedman’s remark)”?
• The idea of socially responsible corporations
• Which are the major stakeholders to which corporation should be responsible to?
• List:
▫ CSR companies (in HK and other countries)
▫ Non-CSR companies (in HK
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