Social Responsibility and Regulation
Social Responsibility and Regulation
1.) Government CSR Policies.
Corporate social responsibility is the obligation to make decisions, pursue policies, or follow lines of actions that are desirable, in relation to values and objectives of the society (Moon & Vogel, 2008). In this respect, firms are accountable to the society and government. Government corporate social responsibility policies assist both organizations and consumers. The government structures the conduct of private entities to serve public ends through incentives and regulations. The business aggression and articulation influence government policy through lobbying. Governments partner with business organizations to formulate and implement public policy. Governments guard consumers against corporate actions that promote alcoholism, unemployment, mental illness, social exclusion, and other potential ills.
2.) Government Policy Variation.
Government policies for corporate social responsibility differ across countries (Doh & Guay, 2006). The difference manifests in variation of corporate strategy and civil organization activism towards issues of social responsibilities of corporations. In addition, societal needs and expectations differ with change in location and time. For instance, institutional variation is the driver of the variation in government policies between United States and Europe.
3.) Political Regulation.
In relation to regulation of business, politics play a role through policy formulation that involves privatization, corporate tax, free trade policies, opening of business, nationalization of industries, and promotion of social welfare (Doh & Guay, 2006). Drafting of these policies occurs in political environments. In addition, politicians sit in the board of directors of various companies as consultants.
References
Doh, J. & Guay, T. (2006). “Corporate Social Responsibility, Public Policy, and NGO Activism in Europe and the United States: An Institutional-Stakeholder Perspective”. Journal of Management Studies, 43(1): 47-73.
Moon, J. & Vogel, D. (2008). “Corporate Social Responsibility, Government, and Civil Society”. In: “The Oxford Handbook of Corporate Social Responsibility”. Oxford: Oxford University Press.
Is this your assignment or some part of it?
We can do it for you! Click to Order!
