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Corporate Governance and Corporate Social Responsibility, protection for…
Corporate Governance and Corporate Social Responsibility
Corporate Governance
related to profit
maximization
broadest control mechanism
within which a company
Corporate Social Responsibility
contrast profit maximization
based on
self-governance
set of actions beneficial
for external stakeholder
focus in ethical
business practices
directly affect an
organization's performance
results in better
image of an organization
fused into companies Corporate
Governance practices
Stakeholders
owners and shareholders
employees of the company
bondholders
suppliers and vendors
bound to the company
for the long term
Shareholders
individual investors
have the right to
exercise vote
not liable
for the company debts
can sell their stock and buy
different stock
CSR DISCLOSURE
firms want to minimize the
costs arising from the firm's interaction
natural and societal environment
Voluntary corporate social disclosure
strengthen stakeholder relations
Annual General Meeting (AGM)
Minutes of the previous meeting
Financial statements
Ratification of the director's actions
Election of the board of directors
protection for the provided capital to the firm