Corporate Social Responsibility
Situation:
Corporate Social Responsibility is not a luxury anymore, it is a requirement of all firms no matter how big or small.
Task: Complete the below questions
1. What is Corporate Social Responsibility?
2. Legitimacy theory speaks of a ‘social contract' between organizations and the society in which it exists. It also speaks of a ‘legitimacy gap' when this relationship breaks down. Explain these concepts.
3. Stakeholder theory speaks of an ethical and a managerial branch. Explain the differences between these two branches and including the relevant assumptions of both.
4. Explain the link between stakeholder theory and an organization's voluntary disclosure of sustainability reports
5. Should sustainability reports be included in an entity's financial report? Explain why or why not.