Corporate social responsibility


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Corporate social responsibility

A business outlook that acknowledges responsibilities to stakeholders not traditionally considered, including suppliers, customers, and employees, as well as the local and international communities and their natural environments in which the business operates. As a major part of society, businesses must become more accountable for every aspect of life, work, and the environment upon which their policies and practices have an impact.
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The amendment provides that stock corporations are prohibited from retaining surplus profits in excess of 100 percent of their paid-in capital stock, except: "when justified by definite corporate expansion or for corporate social responsibility projects and programs approved by the board of directors; or when the corporation is prohibited under any loan agreement with any financial institution or creditor, whether local or foreign, from declaring dividends without its/his consent, and such consent has not yet been secured; or when it can clearly show that such retention is necessary under circumstances obtaining in the corporation, such as when there is need for special reserve for probable contingencies."
Social identity theory (SIT) also stated the same that, employees feel themselves identified with those organizations that are involved in corporate social responsibility and it ultimately contribute towards enhancing their attitudes.
(iii) In December 2007 RBI advised banks to focus more attention towards the issue of corporate social responsibility by increasing the awareness of banks.
i) Does transformational leadership is positively related to corporate social responsibility in banking service industry?
The 7th Corporate Social Responsibility Summit and Awards 2018 was organized by The Professionals Network.
Corporate Social Responsibility (CSR) is globally recognized as a commitment of businesses to contribute to peace building and socio-economic development of human society.
He said public sector under the Corporate Social Responsibility (CSR) could give better results in the development of social infrastructure.
Sheikh Anser Aziz said that Metropolitan Corporation Islamabad (MCI) under the Corporate Social Responsibility (CSR) is taking all out measures for the development of Islamabad and the project of civic facilities.
This research discusses vital implications regarding building employee relationships through corporate social responsibility CSR activities.
Summary: Awards come as government asks private companies to raise Dh500m for corporate social responsibility
19 (BNA): The Gulf Petrochemical Industries Company (GPIC) has won the 2017 Arab Network for Corporate Social Responsibility Award for Partnerships and Cooperation.
Auto Business News-October 18, 2017--Valvoline releases first Corporate Social Responsibility Report

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