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Social Accounting

Corporate Social Responsibility (CSR)

Corporate Social Responsibility is a much wider concept than social accounting and there is even a Minister for Corporate Social Responsibility in the UK Government.

Task

  • Find out who the Minister for Corporate Social Responsibility is.
  • Make a list of the jobs that s/he is responsible for. A good starting point is the Department of Trade and Industry Ministerial team.
  • Is s/he doing what you think a minister for CSR should do? What would you do differently?

Stakeholders have their own expectation of responsible behaviour from a business. As we see from newspapers, radio and the television, if such expectations are not met, then these stakeholders might take action in a variety of ways to affect the success of a business in some or all of the markets in which it operates.

Task

Take a look at some of the work of a pressure group (see the History Learning Site for further information). Say how you think they have had an impact on the CSR record of an organisation of your choice.

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