Corporate Social Responsibility


Term Paper, 2003
6 Pages

Excerpt

Table of Contents

Abstract

Introduction

Corporate Social Responsibility Overview:

Why Corporations Participate:

Examples of Programs in Place:

References

Abstract

The newspaper headlines are littered with corporate scandal news. Boeing Corporation paid a settlement of $10 million in a charge that it had illegally exported satellite-launch technologies. Later, they paid a $15 million settlement charge in an age discrimination suit brought by the EEOC. Merrill Lynch paid $15 million as settlement in its commodities scandal, and $400 million in 1998 as settlement for a suit that it had given reckless investment advice leading to Orange County, California’s bankruptcy. Enron, Arthur Anderson, WorldCom, and more have underscored the problems that are arising due to corporate greed (Kinard, Smith, & Kinard, 2003).

Yet, despite this disturbing trend of corporate mismanagement and greed, another trend is emerging, one of social responsibility. This paper will discuss what corporate social responsibility entails and why corporations are more frequently deciding to participate in these types of programs. Finally, an overview of some of the programs currently in place will be given.

Corporate Social Responsibility

Introduction:

The newspaper headlines are littered with corporate scandal news. Boeing Corporation paid a settlement of $10 million in a charge that it had illegally exported satellite-launch technologies. Later, they paid a $15 million settlement charge in an age discrimination suit brought by the EEOC. Merrill Lynch paid $15 million as settlement in its commodities scandal, and $400 million in 1998 as settlement for a suit that it had given reckless investment advice leading to Orange County, California’s bankruptcy. Enron, Arthur Anderson, WorldCom, and more have underscored the problems that are arising due to corporate greed (Kinard, Smith, & Kinard, 2003).

Yet, despite this disturbing trend of corporate mismanagement and greed, another trend is emerging, one of social responsibility. This paper will discuss what corporate social responsibility entails and why corporations are more frequently deciding to participate in these types of programs. Finally, an overview of some of the programs currently in place will be given.

Corporate Social Responsibility Overview:

According to law, corporations are an artificial, legal being that posses a variety of rights, duties and powers, including some of the obligations of a person. The thought that this entity should also have a corporate conscience is not a new one. For more than 70 years, some have believed that corporations have a duty to society and should encourage humane and constructive social policies (Kinard, Smith, & Kinard, 2003).

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Excerpt out of 6 pages

Details

Title
Corporate Social Responsibility
College
University of Phoenix
Author
Year
2003
Pages
6
Catalog Number
V60424
ISBN (eBook)
9783638541046
File size
420 KB
Language
English
Tags
Corporate, Social, Responsibility
Quote paper
Kimberly Wylie (Author), 2003, Corporate Social Responsibility, Munich, GRIN Verlag, https://www.grin.com/document/60424

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