Professional Documents
Culture Documents
origins of
corporate
responsibility
Introduction
Conflicts:
Definitions of CR
Chiquita 2004
Definitions of CR
Stakeholders
Accountability
Ethics
Environment
Social record
Often reflected in
Standards
Codes of practice
Frameworks for
understanding CR
Values motivation
Materiality motivation
Business ethics
Business case?
Frameworks for
understanding CR
RESPONSIBILITIES
Discretion
ary
Ethical
Legal
Desireable but
discretionary
Beyond legal
compliance, not
economic
Confines of the
law
Responsibility
= to produce
goods/services
Contribute to
societal good
Over and
above
regulation/econ
omic
rationalism
In CR terms
adhere to
regulation, still
make profit
Profit motive =
only valid
motive
Eg
Philanthropy
Doing less
harm v doing
more good
All else =
misuse of
owners capital
Economic
Case study 1
Limitations to CR
Responsibilities/frameworks:
Hierarchy?
Cherry picking?
New issues, new concepts dictate focus
(eg climate change)
Long term v short term
Origins of Corporate
Responsibility
Evolved with:
Free-market capitalism
Rise of corporate personality (the company)
Regulation v laissez-faire
Post WWII
Globalization era
10
Adam Smith
Karl Marx
Milton Friedman
John Maynard Keynes
Rachel Carson (Silent Spring)
Joseph Stiglitz
Naomi Klein
Joel Bakan
John Kenneth Galbraith
Noam Chomsky
11
http://www.theguardian.com/business/2014/feb/09/barclays-catastroph
ic-theft-customer-files
http://www.bbc.co.uk/news/business-26133654
http://www.theguardian.com/business/nils-pratley-on-finance/2014/f
eb/11/barclays-bonuses-pay-for-performance
http://www.theguardian.com/business/2014/feb/11/barclays-hikes-bonu
ses-profits-slide
12
Case study 2
13