Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Definition
If the principal is to exercise control and minimize the
residual loss, they will have to incur costs. They are called
agency costs
Kendhoo
Definition
MNUBusinessSchool/ACC235/2016S1/Kendhoo
Fiduciaryresponsibilityandagencytheory
MNUBusinessSchool/ACC235/2016S1/Kendhoo
MNUBusinessSchool/ACC235/2016S1/Kendhoo
MNUBusinessSchool/ACC235/2016S1/Kendhoo
14/02/2016
CorporateSocialresponsibility
Stakeholdertheory
Definition
extent
The
to which an organization is ready to take
the wider community into account is dependent on the
ethical and CSR stance that the company holds
5
Stakeholdertheory
Definition(Continued)
There
are
generally
four
levels
of
CSR
[PELE/PEEL/LEEP]:
Economic responsibility to the stakeholders like quality to
MNUBusinessSchool/ACC235/2016S1/Kendhoo
CorporateSocialresponsibility
MNUBusinessSchool/ACC235/2016S1/Kendhoo
MNUBusinessSchool/ACC235/2016S1/Kendhoo
MNUBusinessSchool/ACC235/2016S1/Kendhoo
14/02/2016
CorporateSocialresponsibility
There are many ethical stances on CSR that an organization may take. It
PressuretoadoptCSRandtrendsinthe
society
Stakeholder groups ranging from government,
shareholders
(II),
media,
employees,
environmentalists, NGOs, Laws and political groups
are forcing organizations to take CSR more seriously
well funded private entities. This is very difficult and demands even more
than the multiple stakeholder stances
MNUBusinessSchool/ACC235/2016S1/Kendhoo
CorporateSocialresponsibility
MNUBusinessSchool/ACC235/2016S1/Kendhoo
11
PressuretoadoptCSRandtrendsinthesociety
prepared to pay a
premium for Socially Responsible
Investment (discussed later)
MNUBusinessSchool/ACC235/2016S1/Kendhoo
MNUBusinessSchool/ACC235/2016S1/Kendhoo
10
MNUBusinessSchool/ACC235/2016S1/Kendhoo
12
14/02/2016
HowtoenhanceCSRinourorganization
PressuretoadoptCSRandtrendsinthesociety
Most of the CSR debate is centered on the concept of
13
HowtoenhanceCSRinourorganization
It is a
board level
2. Communicate with the stakeholders
3. Voluntary disclosure
MNUBusinessSchool/ACC235/2016S1/Kendhoo
MNUBusinessSchool/ACC235/2016S1/Kendhoo
15
HowtoenhanceCSRinourorganization
It is a
14
16
14/02/2016
SociallyResponsibleInvestment
SociallyResponsibleInvestment
Many pension fund managers and insurance
companies are advised by their trustees to invest in
good CSR companies
The fund for SRI has increased tenfold in the decade to
2001 and continues to increase at a high rate
MNUBusinessSchool/ACC235/2016S1/Kendhoo
17
MNUBusinessSchool/ACC235/2016S1/Kendhoo
19
MNUBusinessSchool/ACC235/2016S1/Kendhoo
20
SociallyResponsibleInvestment
Fund managers for SRI use the following strategies in
selecting organizations:
MNUBusinessSchool/ACC235/2016S1/Kendhoo
18