- 20 Marks
CSME – Nov 2021 – L2 – Q3 – Corporate Social Responsibility (CSR)
Discuss the nature of CSR, its theories, aspects, and implementation steps for the company.
Question
At the last board meeting of a company, there was a heated argument about whether or not the company should have Corporate Social Responsibility (CSR) programmes. Some members of the board see CSR as a waste of resources, while others see it as a tool for achieving organizational goals.
Required:
a.
i. What is Corporate Social Responsibility (CSR)? (2 Marks)
ii. Explain stakeholders and shareholders theories on CSR. (2 Marks)
b. Explain to the board FIVE aspects of CSR. (10 Marks)
c. Advise the company on steps to be taken in implementing a CSR policy. (6 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Corporate Social Responsibility, CSR Implementation, Shareholders, Stakeholders
- Level: Level 2
- Topic: Corporate social responsibility
- Series: NOV 2021
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