Developing Social Responsibility

Steen Vallentin
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Steen Vallentin: Copenhagen Business School

Chapter 4 in The Future International Manager, 2009, pp 49-69 from Palgrave Macmillan

Abstract: Abstract The private sector is increasingly called upon to help solve or alleviate social and environmental problems, and many companies are heeding the call. Supposedly, there is today not a single company in the Fortune 500 that does not have some kind of policy regarding responsibility. Companies are engaging in a variety of activities that have hitherto been associated with the state/government or civil society, such as philanthropy and community investment, environmental management, workers’ rights and welfare, human rights, animal rights, corruption, corporate governance, and legal compliance. Companies are increasingly presenting themselves as good corporate citizens and making contributions to sustainable development in the broadest sense. Corporate managers are showing a willingness to let their actions and decisions be guided by the demands and expectations of a broad variety of stakeholders, rather than the narrow financial interests of owners/shareholders alone.

Keywords: Corporate Social Responsibility; Social Responsibility; Corporate Social Responsibility Activity; Corporate Social Performance; Corporate Financial Performance (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-27406-8_4

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DOI: 10.1057/9780230274068_4

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