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In: Business and Management

Submitted By universky
Words 810
Pages 4
Group 2: Alex, April, Terry, Yuki
Project 1

The Relationship and Social Responsibility of Shareholders to Stakeholders
As the human civilization developing, the society is becoming increasingly controversial. Social responsibility as a sophisticated concept appeared in 20th century. Social responsibility means that a corporation or individual should be held accountable for any of its actions that affect people, their communities, and their environment. It implies that harm to people and society should be acknowledged and corrected at all if possible.

There are some different kinds of social responsibilities. And the content of obligation may be different. Our group will focus on CSR (Corporate social responsibility) which may require a company to forgo some profits if its social impacts seriously hurt some of it s stakeholder or if its funds can be used to have a positive social impact.

The idea of corporate social responsibility appeared around the start of the 20th century. Then, two broad principles emerged (Charity Principle and Stewardship Principle) which shaped business thinking about social responsibility during the 20th century and become the foundation stone for the modern idea of corporate social responsibility. The Charity Principle, the idea that the wealthiest members of society should be charitable toward those less fortunate people, is a very ancient notion. The stewardship principle points that the company leaders have the obligation to see that everyone-particularly someone in need or at risk-benefits from their firms’ actions.

Nowadays, shareholding-system makes a company not only as an individual group but also as a part or even a few parts of community. Those parts is called stakeholder. And they also must be related to social responsibility.

Stakeholder refers to persons and groups that affect, or are affected by an...

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