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This work describes the Corporate Social Responsibility (CSR) in a developing economy such as that of Nigeria. Specifically, it is a case study of the role of industry; in this case Ashaka Cement Company plc; in promoting sustainable development in its host communities through CSR. The company was established in 1979; but general outcry by the communities around the company on its activities necessitates this work. They are 'crying' against neglect in terms of employment and the provisions of basic infrastructures, such as water, road, education and electricity. Against the foregoing, this book addressed the following questions; what are the strategies being used by the company to achieve its set objectives? What are the patterns of relationship between the company and the host communities? What are the inputs of the company on the area and people who formed the communities? The Stakeholder theory of the firm is used as a theoretical framework. By means of tabulation and percentage tools of analyses on data collected through questionnaires and interview, a significant positive relationship between grievances by the Ashaka communities and the activities of the company was found.
With this book, Charlotte Walker-Said and John D. Kelly have assembled an essential toolkit to better understand how the notoriously ambiguous concept of corporate social responsibility (CSR) functions in practice within different disciplines and settings. Bringing together cutting-edge scholarship from leading figures in human rights programs around the United States, they vigorously engage some of the major political questions of our age: what is CSR, and how might it render positive political change in the real world? The book examines the diverse approaches to CSR, with a particular focus on how those approaches are siloed within discrete disciplines such as business, law, the social sciences, and human rights. Bridging these disciplines and addressing and critiquing all the conceptual domains of CSR, the book also explores how CSR silos develop as a function of the competition between different interests. Ultimately, the contributors show that CSR actions across all arenas of power are interdependent, continually in dialogue, and mutually constituted. Organizing a diverse range of viewpoints, this book offers a much-needed synthesis of a crucial element of today’s globalized world and asks how businesses can, through their actions, make it better for everyone.
It is no longer the case that it’s only society which benefits from CSR actions. A corporation actually helps itself when operating sustainably and does well because of its triple bottom line actions. The editors of People, Planet and Profit believe that whilst Corporate Social Responsibility is by now a familiar concept to academics or practitioners, insufficient attention has been paid to the end product of CSR in practice, which they define in terms of social and economic developmental effect. The contributions in this edited volume explain the developmental aspect of CSR from a conceptual perspective and provide empirical evidence of the impact of CSR delivery on stakeholders in different corners of the World. The emphasis is on what corporations take from and give back to their stakeholders whilst trying to behave in a corporately responsible fashion. Stakeholders, including employees, customers, host communities, governments and NGOs have diverse interests and expectations of CSR. This gives rise to questions about whether the activities corporations support are the ones today’s stakeholders need; whether the CSR programmes being delivered are adequate; and about the relationship between the corporations’ view of what constitutes CSR and that of the supposed beneficiaries. This book offers thoughtful answers to these questions and assesses the outcomes of corporate activities both in developed and developing countries and regions, in terms of economic progress and social and political advancement.
In recent years, increasing numbers of articles and studies have emerged across the disciplines of economics, accounting, finance and management to examine the importance of considering both the private and social economic benefits of Corporate Social Responsibility (CSR). As stakeholders and their concerns have multiplied, and empirical evidence has accumulated, CSR has become a critical area of interest. This authoritative collection examines the five related and most significant elements of this subject - theoretical perspectives, firm financial performance, socially responsible investing, environmental performance and strategic CSR - to provide a comprehensive exploration of the literature on Corporate Social Responsibility and its economic consequences.
Essay from the year 2013 in the subject Business economics - Business Ethics, Corporate Ethics, , language: English, abstract: In a contemporary competitive market, the correlation between corporate social responsibility (CSR) and profitability cannot be overemphasised. Multinational companies gain economic and competitive advantage by active involvement in social responsible programs and good ethical practices. This essay analyses the level of impact of CSR activities in the telecommunication sector of Nigeria using different established theoretical views and approaches. Also, the adverse effects of the telecom operator’s business operation on the environment are delineated. An approach is recommended for the telecom operators to foster a common interest of all stakeholders in the industry.
Master's Thesis from the year 2014 in the subject Law - Miscellaneous, grade: 1C, University of Stirling (School of Arts and Humanities - Division of Law and Philosophy), course: LLM International Energy Law and Policy, language: English, abstract: Decades of irresponsible oil exploitation in the Niger Delta have caused a water and air pollution which does not have many comparisons anywhere else. In an already fragile country as Nigeria, characterised by weak democratic institutions and poor economic governance, this situation has led to increasing discontent and violence towards both the government and the oil multinationals. These two actors co-operate for the maximisation of oil profits and revenues while, at the same time, excluding local host communities from the participation in the oil development projects, preventing them to achieve a sustainable development, violating their Human Rights, and compromising their livelihoods. This paper analyses the legal framework of Nigeria in the oil sector and the peculiarities of the country in order to provide a critical overview of the issues, demonstrating that the amendment of the domestic Acts dealing with the topic, as well as the remediation to the damages caused by the oil multinationals, are no longer deferrable. The final aim is to suggest a pattern to sustainable oil development which, by means of applying the concepts of Corporate Social Responsibility, would help to quell the conflict, to improve the standards of life of local people, and to make Nigeria emerge as a socio-environmentally responsible African resource-rich country.