New Meaning of Corporate Social Responsibility Case Solution
Asmany modern American corporations continue to exemplify high levels of corporate social responsibility, virtually all publicly held companies are finding themselves under growing pressure from the investment community to optimize shareholder value. Due to this, the interests of the company's non-shareholder constituencies are being neglected.
The authorities must step in and function as arbiter, enacting rules and regulations that define what we expect of corporations in the way of such matters as working conditions, environmental protection, and job training. Nonetheless,since the political process represents the only remaining vehicle for the expression of non-shareholder stakeholders, if corporate managers wish to be free to optimize shareholder value, it truly is inappropriate for their sake to also participate in shaping public policy.
PUBLICATION DATE: January 01, 1998
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE