What is meant by ‘corporate social responsibility' or ‘corporate responsibility'? Does this concept (or concepts) have any implications for corporate law and corporate governance? Critically assess.
Additional Requirement
The question based on the Corporate Strategy. The question is whether or not ‘corporate social responsibility' or ‘corporate responsibility' are one and the same. In the recent years, the term corporate social responsibility is being widely used across many industries. Today, a company which does not take up corporate social responsibility is either avoided by clients and / or rated low. A critical assessment of the concept has been discussed in the solution.
Word limit 5640