COMMERCE 4PA3 Chapter Notes - Chapter 7: Corporate Social Responsibility, The Roots, Magna International
28 Feb 2019
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General manager role: to create, capture, and distribute value. Mandate of the board in legal jurisdiction is to act in favour of the corporation not just shareholders. 2002: which imposed new tough rules on companies and harsher punishments. Board meeting procedures should focus on debating new decisions, strategies, and policies not just on reviewing past performance 3. Directors should be required to devote substantial portion of their professional time to corporation 5. In 2002 in canada there was significant reform on boards and increasing corporate governance (p. 136). Csr: firms that strive to make a profit, obey the law, be ethical and be a good corporate citizen. 2: margolis and walsh found that 127 studies provide a clear indication of the positive association between csr and financial performance. They point out 3 pros and 3 antis. There are 2 sources of conflict or inconsistency: inconsistency between proposed and preferred strategy, inconsistency between preferred strategy and other realities.
