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CORPORATE GOVERNANCE AND SOCIAL RESPONSIBILITY - Coggle Diagram
CORPORATE GOVERNANCE AND SOCIAL RESPONSIBILITY
CORPORATE GOVERNANCE
RELATION SHIP OF CORPORATE GOVERNANCE AND CORPORATE SOCIAL RESPOSIBILITY
COMPARISONS
Fused into company corporate governance practies
focused on the ethical business practice
Directly effect an organization's performance
Result an better image of an organization
CONTRADICTION
• related to profit maximization
• protection for the provided capital to the firm
• the broadest control mechanism within which a company
Relationship and Contradiction between Corporate Governance and CSR
CORPORATE SOCIAL RESPONSIBILITIES
COMPARISON
contrast profit maximation
• sugges a set of actions beneficial for external stake holder
based on self governance ( eternal legal and regulatory mechanism)
During these periods, the idea has been exported to other parts of the globe, mainly through multinational
companies' activities. Corporate Governance and CSR are two related and interwoven business concepts that are deeply embedded in business practices.
STAKEHOLDER VS SHARE HOLDER
owners and shareholders
employees of the company
customers who may rely on the company to
provide a particular good or service
suppliers and vendors who may depends on the company to provide consistent revenue stream.
Although shareholders may be the largest type of stakeholders because shareholders are affected directly by a company's performance,it has become more common place for other groups to be considered stakeholders
bound to the company for the long term and
reasons of greater need
stake holder
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 a company
Owners of the company, but they are not liable for the company debts
For private companies, sole proprietorship, and partnerships the owners are responsible for their obligations
A shareholder might be an individual investor
can sell their stock and buy different stock; they do not have a long-term need for the company
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 . CSR disclosure can bedefined as the information that a company y discloses about its environmental impact and its relationship with its
stakeholders through relevant communication channels
Annual General Meeting (AGM)
An annual general meeting (AGM) is a mandatory yearly gathering of a company's interested shareholders
Minutes of the previous meeting:
• Financial statements
Ratification of the director's action
Election of the board of directors