These areas include being profitable while obeying all laws and regulations including environmental and consumer laws. ... Most of the time these issues are taken care of by the government or by the local community. ... Government officials are also consumers. With their approval of a product from a company that uses CSR, there could be a reduction in the amount of government interference within the company. ... (www.chiquita.com) In 2003, after many months of working with the unions and government, Chiquita sold their farm to a worker-owned cooperative and signed a ten year contract with him ...

• Word Count: 1594
• Approx Pages: 6
• Grade Level: Undergraduate

The laws, rules and regulations are most elementary responsibilities that businesses have to follow under. ... This definition states that the society, politics and businesses are inseparable and a corporation cannot operate its activities without considering society, employees, its supplies, customers, government and outside environment. ... "Political economic theory trends to justify why corporation appear to respond to government or public pressure for information about their social impact". ... Stakeholder Theory According to Gray, Kouhy & Lavers (1995), "a key a feature of...

• Word Count: 1487
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

Governments around the world are beginning to tighten their policies on companies, to help promote corporate social responsibility. Corruption has forced governments to create guidelines in order to protect its citizens. ... An example is the "Life Skills Training Program- in China, where workers learn about a topic of their choice, as well as labor law, wage calculation, and the Timberland Code of Conduct. ...

• Word Count: 1746
• Approx Pages: 7
• Grade Level: Undergraduate

In such a situation, it becomes the responsibility of the government to provide an effective legally structured environment for corporates. ... Naryana Murthy on Corporate Governance "Corporate Governance is the application of best Management practices, Compliance of law in true letter and spirit and adherence to ethical standards for Effective Management and distribution of wealth and discharge of social Responsibility for sustainable development of all stakeholders" The term Corporate Governance occupies the mind space of the government, regulators, corporates, market, boards, emp...

• Word Count: 1427
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

To begin, we can address why corporations and firms have began to engage in voluntary Corporate Social Responsibility programs The amount the government has been able to regulate corporations has hit a limit, since corporations have been able to operate in a global agreement, where they are under some sort of jurisdiction in one way or another. Though corporations are under some form of jurisdiction, it is hard for the government to regulate them when they are able to freely move their assets from one location to another. Government regulations are not what concern corporations and firms anymo...

• Word Count: 1574
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

The company has been working with NGOs, non-governmental organizations, since the early 1990's, and it made great progress in social responsibility when it teamed with Global Exchange in 2000 to start selling Fair Trade coffee (Reis, 2009). ... Many people work for businesses that do not pay a fair wage and thus must depend on government assistance. ...

• Word Count: 2434
• Approx Pages: 10
• Has Bibliography
• Grade Level: Undergraduate

For instance, in 2001, they used local resources such as non-governmental organizations (NGOs) and government agencies, to provide training and programs that are more effective and make lasting changes for their employees overseas. ... An example is they created "Life Skills Training Program- in China where workers can learn about a topic of their choice, as well as labor law, wage calculation, and the Timberland Code of Conduct (www.Timberland.com, 2). ... Companies that are viewed as socially responsible in the eyes of the government or regulatory agencies are given more free reign by bot...

• Word Count: 3324
• Approx Pages: 13
• Has Bibliography
• Grade Level: Undergraduate

As Pfizer, a multinational corporation, we have certain ethical responsibilities. There are two traditional stakeholder theories by which my company may operate. One is the ownership theory. The ownership theory is mainly focused on making a profit: maximizing shareholder returns and making as much money as possible for those who own stock in the firm. This theory is ethically wrong because it only accounts for stockholders and owners as true stakeholders of the firm. ...

• Word Count: 3015
• Approx Pages: 12
• Grade Level: Undergraduate

To my mind, 'responsible commerce' refers to the corporation preventing and solving long term issues to maximize the benefits of the shareholders and stakeholders which compliance with the spirit of the law, ethical standards and international norms. ... If corporations do not assume these responsibilities on their own, governments are often expected to provide incentives for them to do so. ...

• Word Count: 1947
• Approx Pages: 8
• Grade Level: Undergraduate