earticle

영어

Corporate Social Responsibility("CSR") can not be easily defined because there are too many conceivable applications of CSR. However broadly stated, CSR implies that businesses share responsibility for societal conditions. It means a firm has an economic responsibility to provide goods and services, offer employment at a living wage, and generate profits to survive. Through these obligations, firms enhance societal well-being. This responsibility can assume many forms and may extend to consumers, employees, suppliers, and other stakeholders, not only to stockholders. CSR signifies conformity to society's expectations of appropriate business behavior such as ethical standards. A more recent CSR phenomenon is the adoption of Corporate Codes of Ethical Conduct. These Codes address many concerns associated with CSR. This trend has the bright side. However, corporations are trying to appeal to the public they run their business ethically, we still see the corporate corruptions and financial crisis around world. So this paper examines the possible ways how the directors of corporate shoulder the social responsibilities in the present corporate-related legal regimes.