Review of Corporate Responsibility

Corporations themselves can implement a lot of thing to successfully implement CSR, some recommendations included adopting existing standards; promoting them, supporting the integration process as a whole; and participating with other companies to drive the standards forward. In short it needs to be recognised that the world today no longer regards corporations as purely economic institutions, but as social ones as well ; that they have a broader constituency then shareholders alone, and that they have an impact that goes beyond the market place transaction , it is therefore societies view that companies be made accountable for their actions, and that governments take active non-legislative participation in the development process of such accountability and its encouragement, so that a new CSR based corporate culture, so lacking in Australia and the Anglo-Saxon world is developed and enshrined within company structures.…