Corporate Social Responsibility Essay Example | Topics and Well Written Essays - 750 words - 3

corporate Social Responsibility - Essay ExampleShould barter take a cut in their acquire margins in order to employ the jobless people or take part in environmental conservation practises? The answer to this question can be answered by analysing the long run military groups of such(prenominal) a move to the business. When a business entity takes a cut in order to participate in corporate social responsibility, the earnings of the owners are reduced, this may have the effect of dampening their interests on the business or they may pressurize the foreman executive officer of the business to make more get for them. In turn, this would have the effect of increasing the prices of the goods and services that the company produces therefore a negative effect to the consumers, which the company was trying by getting involved in corporate social responsibility activities. incarnate social responsibility among business entities means that the business is getting money from consumers of t heir products and other stakeholders and spending it on their choice project without necessarily consulting the financiers of the whole project since the decision of the project lies wholly on the chief executive officer and the board of directors. ... Financial fraud has been with us for a relatively long terminus of time where corporates have been tampering with their financial in motleyation to lie almost their financial position in order to attract investors or to keep investors from investing in other rival firms. This has the effect of make investors lose billion of money when these companies collapse. For instance, Enron, Tyco, Worldcom and Adelphia have been involved in financial scandals involving manipulating of their financial information. some other form of financial fraud involves employees who are torn between pursuing their own egoistic interests or the interests of their clients. For instance, brokers in insurance of money market are usually faced with the dilem ma of pursuing their own selfish gains at the expense of the clients interests although the law requires them to pursue their clients interests before their own. This trend is caused by the focus remuneration system that is used to pay brokers based on the volume of business that they transact. Consumers are as well as involved in fraud, which cost the United States economy billions of dollars in revenue. The fraud from consumers is spread across nearly all sectors of the economy, however the most hit sector is the insurance sector, which is reported to have lost about(predicate) 10 per cent of the total claims to fraud, this includes claims on items that are not lost or damaged and word that is not offered. The clothing sector is another worst hit by fraud with estimates showing that about 16 billion dollars may have been lost in 2002 due to wardrobing which is the returning of old clothes. Another area