ADM 1301 Lecture Notes - Lecture 8: Corporate Social Responsibility, Venture Philanthropy, Activist Shareholder
12 Apr 2018
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Chapter 8 corporate social responsibility: in practice. This chapter describes the various forms or approaches to practicing or implementing corporate social responsibility (csr) or corporate sustainability (cs) in corporations. Figure 8. 1 approaches to corporate social responsibility. Community investment: the businesses most committed to csr are social enterprises. Risks of not practicing csr: damaged reputation, negative media coverage, consumer boycotts, lost sales and revenues, labour disruptions, blockages, attacks against assets, decrease in share value, more onerous (excessive) financing or insurance terms. Increased spending to remedy past damage for core activities. Increased shareholder activism: failure to attract and retain quality employees, civil lawsuits, including class action initiatives, criminal and regulatory prosecution, suspended operating permits, liability for the conduct of su(cid:271)sidiaries a(cid:374)d ar(cid:373)"s-length affiliates (ex. Imagine canada gives some idea of the magnitude of corporate giving; more than . 3. Billion was given in charitable donations by corporations that claimed it on their tax returns.
