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Corporate Governance and Corporate Social Responsibility - Coggle Diagram
Corporate Governance and Corporate Social Responsibility
Corporate Governance
Protection for the provided capital to the firm
The Broadest Control Mechanism Within a Company
Related Profit Maximization
Ethical business practices
Focus into companies corporate governance practices
Directly affect an orginization's performance
Results in better image of an organization
Corporate Social Responsibility
Set of actions beneficial external stakeholders
Self Governance
Contrast Profit Maximazation
Shareholders
Private companies
Individual investors
Owners of the companies and not liable for owner's debt
Can sell their stocks and buy different stock
Individual, company, institution that owns atleast 1 share of the copany
Do not have long term
Have the right the vote
Stakeholders
Bond holders
Customers
Employees
Suppliers and vendors
Owners and shareholders
Long term
CSR Disclosure
Voluntary CSR gives public info about there activies
Would have better reputation
Firms want to minimize the potential cost
Able to strengthen stakeholder relation
AGM
By law
Financial statement
Ratification of the director's actions
Minutes of the previous meeting
Election of the board of directors
Mandatory yearly gathering
Present yearly report