Legal and Methodological Backgrounds of the Corporate Social Responsability in the Globalization Period

Iacob Baciu ()
Additional contact information
Iacob Baciu: "Dimitrie Cantemir" Christian University

Knowledge Horizons - Economics, 2011, vol. 3, issue 1-2, 47-51

Abstract: The legal and methodological issues on corporate social responsibility are obsolete and are in addition to corporate governance, strengthening the importance of running a company in the context of recent radical changes occurring in the global economy and, implicitly, new trends in the context of financial globalization. The need for the emergence of the concept of “corporate governance” as well as governance implications on the internal environment of firms, represented by shareholders and employees, or the external environment, represented by the creditors, suppliers and the community made a presentation of inappropriate combinations of key accounts, most often fraudulent, leading to the opening of resounding financial scandals in Europe and the United States of America. Social responsibility means that a company can take care of both profitability and development, as well as social and environmental impact. The existence of an enterprise is not just that of producing a profit, but it has a social responsibility in the sense that it belongs to society in general. Corporate governance varies significantly from country to country depending on economic factors, political, financial, social cultural or country-specific. The organization must be concerned not only the exploitation of human, natural, financial resources, but also its image in society by adopting strategies and social contracts which has to be concerted, valued and accepted by consensus.

Keywords: Governance; company; internal audit; control (search for similar items in EconPapers)
JEL-codes: G32 G33 G34 M42 (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
http://orizonturi.ucdc.ro/arhiva/2011_khe_1-2_pdf/khe_vol_3_iss_1_2_47to51.pdf (application/pdf)
http://orizonturi.ucdc.ro/arhiva/2011_khe_1-2_pdf/khe_vol_3_iss_1_2_47to51.pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:khe:journl:v:3:y:2011:i:1:2:p:47-51

Access Statistics for this article

More articles in Knowledge Horizons - Economics from Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest Contact information at EDIRC.
Bibliographic data for series maintained by Adi Sava ().