Title: Corporate social responsibility of companies and banks
Abstract: Corporate social responsibility is gaining in importance, but it is very significant for the countries that have only recently engaged in the awareness of this concept of work to join promptly the process of implementation of the corporate social responsibility and appropriate education of their managerial structures, together with defining necessary strategies, in order to render the implementation process itself a successful one. Concurrently, regulatory framework and certification of corporate social responsibility appears to be a necessary requirement. Passing of decrees prescribing that reporting on corporate social responsibility is mandatory, in addition to prescribing awards for corporate social responsibility, but also sanctions for those corporate socially irresponsible ones, would greatly facilitate its implementation, but also its control. Defining the structure and different aspects of the corporate social responsibility supports and facilitates an easier defining of the strategy for its implementation and offers an assessment of the implications that this concept involves in the business activities of companies and banks, but also of the society in general. Confrontation between targets of companies and banks to maximize their profits, with on the other side, higher investment to be made into socially beneficial projects, have offered grounds for the creation of a novel business philosophy, the philosophy of corporate social responsibility in conducting business yet with the aim for the two confronting sides to reconcile and unite in the direction of a joint action aimed at the global benefit of society.
Publication Year: 2012
Publication Date: 2012-01-01
Language: en
Type: article
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