This week, you will answer questions about corporate social responsibility programs. A corporate social responsibility program can
Question:
This week, you will answer questions about corporate social responsibility programs.
A corporate social responsibility program can greatly expand the universe of a company's stakeholders. Some programs are very large. Here are some examples.
Microsoft: Corporate Social Responsibility
The Walt Disney Company: Social Responsibility
Tesla: Impact
Other CSR programs, obviously, are much smaller.
Questions:
What criteria should a company use when determining the size, scope and goals of its CSR program?
Who should have a role in the decision process? Who should make the final decision? The board of directors? Senior management? Other employees? Other stakeholders? If so, which ones?
What information should the board receive about a company's CSR program?
Does the board of directors have oversight responsibilities or fiduciary duties relating to a corporate CSR program? If so, what are they?
What information about a CSR program should be communicated? Who should receive the information? The board? Senior management? Other stakeholders?
Please explain your answers fully, using information supporting your position from the course reading material, the governance concepts discussed in this course and any other source you deem appropriate.
Expert Answer:
1 The criteria for determining the size scope and goals of CSR Program are Mission and value The CSR program should align with the companys mission values and long term strategic goals Stakeholders in... View the full answer
