Please enable JavaScript.
Coggle requires JavaScript to display documents.
**Corporate Governance and Corporate Social Responsibility - Coggle Diagram
**Corporate Governance and Corporate Social Responsibility
Contrast profit maximization
Based on self governance
Set of actions beneficial for external stakeholder
Perspectives on CSR
Classical view
Managerial view
Public view
Religious view
The Four Corporate Social Responsibilities
Legal Responsibility
Economic Responsibility
Ethical Responsibility
Philanthropic Responsibility
Related to profit
maximization
Protection for the provided capital to the firm
The broadest control mechanism within which a company
Development of Corporate Code of Conduct and Ethics
Purpose of a Code of Conduct
Disciplinary or Legal Tool
Blanket or General Clauses
Information to Include
Two Distinct Approaches to Corporate Governance
RULE-BASED APPROACH
(Adopted in the USA)
. PRINCIPLE-BASED APPROACH
(Adopted in the UK)