CORPORATE GOVERNANCE AND CORPORATE SOCIAL RESPONSIBILITY, Social and…
CORPORATE GOVERNANCE AND CORPORATE SOCIAL RESPONSIBILITY
Public Oversight Board
S/h can vote to dismiss it dissatisfied
Mgt as steward
Lack of independent scrutiny
Lack of adequate control
Lack of board involvement
Lack of supervision
Agent has their own interest
Principle & Agent
Mgt as agent
Strategy, Performance, Risk
Skills & expertise
No exec responsibilities
Decide she scope of meeting
Leader of Board
PREPARING, FILLING DOCUMENT
Leader of Excuse, day to day
Disclosure & transparency
Rights of s/h
Maintaining CRS means operating business in a manner that meets or exceeds the ethical, legal commercial, and public expectations of stakeholders.
Failure to develop a CRS has important negative consequences for the firm.
Companies that practice CRS aim to do more for the betterment of other than is required by laws, regulations, or special interest groups.
Firms that practice CRS behave ethically and support a voluntary, self-regulated business models.
SETTING OF CRS
Firms activities to minimize or eliminate the creation of pollutants as well as efforts to improve the natural environments.
Company interactions with customers, competitors, supplier and disturb toners. It implies approaches behavior regarding product development, marketing and advertising. As well as approached that suppliers and distributors follow
Focuses on the firms employees and implies thoughtful approach to diversity, recruitment, salary, safety, health and working conditions.
Accounts for the firms activities aimed at benefiting the community and society.
REGULATIONS AND INDUSTRY STANDARDS
Disassembly and disposal products
Manufacturing and assembly activities
TRIPPLE BOTTOM LINE
Look for ways to reduce the environmental impact of operations
Carbon footprint and greenhouse gas emissions GHG
COMMON RESOURCES OFTEN MISALLOCATED >>POSSIBLE SLOUTIONS
Moving some of the common to private property
Allocation of ri
Reduce cost by achieving efficient route and delivery networks
Life Cycle Ownership Cost
EXAMPLES OF CRS VALUES
Protecting the natural environment
Promote the welfare of others
illuminating child labor
Avoiding human right abuses
Upholding the right to join or form labor unions
Avoiding workplace discrimination
Guarding against corruption
Social and environmental sustainability do not exist economic sustainability