POLYTECHNIC UNIVERSITY OF THE PHILIPPINES COLLEGE OF ACCOUNTANCY STA. MESA‚ MANILA CORPORATE SOCIAL RESPONSIBILITY AND GOOD GOVERNANCE NORTHERN CEMENT CORPORATION Group 5 Bergonia‚ Noel A. Labiste‚ Janet T. Manarang‚ Shalla Marie C. Maestrecampo‚ Diana A. Miguel‚ Sherelyn A. Mora‚ Angelina G. Rance‚ Sarah Jane M. BSA H 3-2D PROF. GLORIA TOLENTINO-BAYSA PUP‚ CoA INTRODUCTION One of the important components in constructing a house is cement. It binds the materials to build houses
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role of business is the increase of profits”. Discuss. Supporters of narrow view agree that the only role of business is the increase of profits. They believe that caring about the environmental‚ social and other problems should be the responsibility of government and non-profit making organizations sponsored by governments. (Pontinen J 2013 ) A bright supporter of the narrow view is Milton Friedman who claims that the only social responsibility a business has is to maximize the profits of
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Strategic Corporate Social Responsibility and Value Creation among Large Firms Lessons from the Spanish Experience Bryan W. Husted and David B. Allen Can corporate social responsibility (CSR) be a source of good and a wellspring of innovation‚ competitive advantage and value creation for the firm? Although CEOs and government leaders insist in public that CSR projects create value for the firm‚ privately they admit that they do not know if CSR pays off. To address this question and drawing on
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Chapter 1: Corporate Social Responsibility (CSR) • Definition o How the action and conduct of corporation affect society. Corporate have the duty to improve and protect society through the business. • Four Different Perspective o Economic Responsibility: Maximize profits. Fair pricing and quality products. Stakeholders in Corporation: Shareholders. Employee. Upper Management. Customer/Consumer. Vendors/Supplier. The key is to be able to balance and decide which
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Corporate Social Responsibility Corporate Social Responsibility (CSR) is a method in which organisations “give back” to society. This can be done through various means such as charity donations‚ sponsorships‚ becoming partners with schools etc. CSR is something that not only benefits the organisation but also benefits the public. An example of this is Mcdonalds Restaurants putting bins on areas surrounding their restaurants. Due to people buying food from their Drive-Through service‚ costumers will
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Q. Corporate Social Responsibility is one of the hottest issues in corporate boardrooms these days‚ partly because it is becoming increasingly important to employees and other stakeholders. In your opinion‚ why have stakeholders given CSR more attention recently? Does abiding by CSR standards potentially cause companies to have conflicting objectives with some stakeholders in some situation? Yes. It is very much true that CSR is one of the hottest and limelight issue in corporate world. Organization
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In the recent history‚ corporate social responsibility became one of the standards that companies are trying to achieve. According to Reference for business (ND)‚ corporate social responsibility (CSR) can be defined as "economic‚ legal‚ ethical‚ and discretionary expectations that society has of organizations at a given point in time". Moreover‚ there are several key principles of CSR that have importance to the stakeholders. Stakeholders can be defined as “individuals or groups how depend on the
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Corporate Social Responsibilities Tony Fernandes‚ CEO of Kuala Lumpur-based Air Asia started a low-cost airline at a time when everyone thought he would fail. He placed high emphasis on his workforce and flexible HR strategies. During the past few years‚ Air Asia has become one of the best low-cost airlines in Asia and it has also boosted its CSR efforts. Fernandes’ basic sense of CSR starts with his people: Air Asia was one of the first airlines in Asia to hire female pilots. He says that his staff
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CORPORATE SOCIAL RESPONSIBILITY The term social responsibility means different things to different people. Generally‚ corporate social responsibility is the obligation to take action that protects and improves the welfare of society as whole as well as organizational interests. According to the concept of corporate social responsibility‚ a manager must strive to achieve both organizational and societal goals. Current perspectives regarding the fundamentals of social responsibility of businesses
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environmental concerns when making business decisions. And this has makes CSR integral to the way of the business related to the world and potential of being success. As there is no universal standard for CSR‚ CSR can be defined by actions such as integrating social‚ environmental and economic terms into business value and actions. One of the examples would be treating the employees from foreign countries fairly as the local employee. Many businesses believe that by implementing CSR activities they will be able
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