The Riddle of Shareholder Rights and Corporate Social Responsibility
62 Pages Posted: 21 May 2016
Date Written: 2015
This piece elucidates the conflict between the historic profit maximizing goal of corporations and the current movement urging that they undertake other objectives as well such as community betterment and environmental sustainability. It first describes the dominant role corporations play in the American social and economic system. It then builds on that to explain the trend during the last several decades that corporations serve a triple bottom line: profit, community, and environment. Given the pressing needs of society and the resources and expertise of corporations it makes good sense, the article argues, that corporations embrace these broader purposes.
Keywords: Corporate Social Responsibility, Triple Bottom Line
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