Corporate Responsibility

Corporate Responsibility
“In 2005, The Economist published a series of articles castigating corporate responsibility and the folly of managers who thought it would benefit their companies. Corporate responsibility conscious managers were accused of taking their eye off of shareholder interests. Accusations were made that corporate responsibility and bad governance went hand in hand. In an accompanying survey, the Economist Intelligence Unit found only 36 per cent of managers felt corporate responsibility was a priority”, (Blowfield and Murray, 2011, p.4)

Required: Managers believe that the corporate responsibilities to the shareholders are the most important of the CSR responsibilities. Social and environmental responsibilities are much more important because they relate to core stakeholders for the company. Critically evaluate this statement.  FOR MORE INFORMATION ON THIS TOPIC CLICK HERE