Corporate Social Responsibility and Transparency
Article from: OGEL 1 (2006), in Environmental, Social and Governance (ESG)
Introduction
During the second part of the 20th century, two prominent positions have been held with regard to whom a corporation is responsible. Are corporations exclusively responsible to their shareholders, therefore their only objective is to make profits for them, or are corporations responsible for all stakeholders, not just shareholders, but also employees, suppliers, the environment and the community in general?