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Corporate Governance and Corporate Social Responsibility - Coggle Diagram
Corporate Governance and Corporate Social Responsibility
It is concerned with balancing economic and social goals.
Related to profit maximization.
PRINCIPLES:
Reliance
Legal Compliance
Transparency
Equity
Integrity
Security
Independence
It aims to align the interests of individuals, corporations, and society as nearly as possible.
It encourages the efficient use of resources and equity.
Broadest control mechanism within which a company.
Based on self-governance.
It is concerned with treating the stakeholders ethically or in a socially responsible manner.
Contrast Profit Maximization.
Beneficial for external stakeholders.
Carroll's CSR Pyramid
Legal Responsibility
Ethical Responsibility
Economic Responsibility
Philanthropic Responsibility
