LAW 533 Chapter 1: Chapter 1 Notes.docx
13 Mar 2014
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In csr : an implementation guide for canadian business the way firms integrates social, environmental, and economic concerns into their values, culture, decision making, strategy and operations in a transparent and accountable manner and thereby establish better practices within the firm, create wealth, and improve society builds on compliance with legislations and regulations and typically includes beyond law commitments. Internationaldefinition of csr:iso 26000 guidance & social responsibility: an international consensus view of the meaning of social responsible (international standards) responsibility an organization has for the impacts of its decision and actives on society and the environment through transparent and ethical behaviour (p. 77: economicaspect activesto have a direct positive impact on the corp (max. profits for shareholder vaule, ethical actives undertaken to meet societal and stakeholder expectation (evidence of compliance attempt to please everyone utilitarian approach, legal refer to firms responsiveness to legal expectation regulations, legal principles (ensure legal compliance, avoid civil ligation, and anticipate new laws)
