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CORPORATE GOVERNANCE AND SOCIAL RESPONSIBILITY - Coggle Diagram
CORPORATE GOVERNANCE AND SOCIAL RESPONSIBILITY
CORPORATE SOCIAL RESPONSIBILITY
Contrast profit maximization
suggest a set of actions beneficial for external stakeholder.
Base on the self-governance (eternal legal and regulatory mechanisms.
CORPORATE GOVERNANCE
Related to profit maximization
Protection for the provided capital to the firm
The broadest control mechanism within which a company
Corporate governance is concerned with balancing economic and social goals and between individuals and communal goals.
Corporate social responsibility is concerned with treating the firm's stakeholders ethically or in an socially responsible manner.
SHAREHOLDERS
Can be individual, company, or institution that owns at least one share of the company.
Have the right to exercise vote and to affect the management of the company
Owners of the company, but they are not liable for the company debts.
For private companies, sole proprietorships, and partnerships, the owners are responsible for their obligations.
A shareholders might be an individual investor.
STAKEHOLDERS
Owners and shareholders
Employees of the company
Bondholders who own company-issued debt
Customers who can rely on the company to provide a particular good and service.
CSR DISCLOSURE
The growing CSR awareness is also reflected in the increasing number of CSR and sustainability reports and the provision of CSR-related information such as though advertising.