corporate social responsibility – the corporate world’s.docVIP

Corporate Social Responsibility: The Responsibility of Enron’s Management to its Employees Chris Biele Section # 3 Row # 2Corporate Social Responsibility Corporate social responsibility is the corporate world’s duty to act in a moral manner and assist the government in its civic duty. There are many components to this but the main goal is to improve the quality of life of the local community. Companies must choose a way in which to do this which may include giving portions of profits to charities…which many do choose, but there are many other ways. Some companies realize that their employees, stockholders, and customers make up the surrounding community and work to help the less fortunate and underprivileged that belong to their same community. Corporations serve their customers to make profit for their shareholders through the hard work of their employees. This model of dominates most of society, but unfortunately leaves many out of the picture. The social responsibility or corporations includes ethical decisions to assist communities with scholarships, sponsoring events which benefit the poor, the hungry or the sick, and in times of local disaster can assist with recovery/reconstruction. In addition to the philanthropic aspect of corporate social responsibility, there is the ethical responsibility it owes the public. Whether you are an investor looking to buy stock, or unemployed with a job offer at a company, you would like the knowledge that the company you are dealing with is honest. Honesty in financial reports, fair treatment of employees, truthful transactions with clients has become expected of corporations today, but has recently been compromised and must now be under close scrutiny. This definition is a summary of a report published by the Conference Board of Canada. In My Opinion… I believe that the definition given above is an adequate and accurate depiction of how corporations need to be socially responsibly and what they need to do to accom