
Authors: Hopkins,M.
Produced by: MHC International (2008)
This paper argues that the lack of responsibility in markets has led to today's current financial turmoil and recession in most international markets. The private sector has taken a huge blow but central control is not the answer. Corporate Social Responsibility (CSR) provides the elements of a solution especially since its ideas were largely ignored by many of the big financial players to date. It suggests that CSR is a strategic approach to managing a company, not simply an add-on.
CSR is concerned with treating the stakeholders of a corporate body ethically and in a responsible manner. The recent turmoil in markets shows a role for more stakeholder engagement and legislation in previously unregulated areas. The author states that:
The paper suggests the private sector will contract in the short-term, but a growth area will be an increased compliance with CSR. A true stakeholder focus crystallised around reworked values is crucial for these difficult times and will help responsible companies eventually sail into calmer, safer water.
http://www.mhcinternational.com/corporate-social-responsibili...
Mots-clés
Localisations:
Hors Europe ,Totalité de l'Europe (48 pays) Domaine thématique:
Financement culturel ,philanthropie sociale Type de ressource en ligne:
Points de vue
LabforCulture est une initiative partenaire de la Fondation européenne de la Culture.
LabforCulture aimerait remercier ses investisseurs pour leur soutien.