Introduction
Corporate governance in strategic management entails a framework of rules and regulations with which the management uses to enhance accountability and transparency in dealing with the company’s stakeholder relationships. Stakeholders of the company include shareholders, suppliers, employees, management, the community, and the government. Each stakeholder has its own set of rights and expectations from the day-to-day activities of the business. By observing the needs and interests of each stakeholder, one engages in Corporate Social Responsibility where not only the interests of the firm are at hand but also the societal, economic, and environmental interests.
What is CSR?
Corporate social Responsibility is a strategic ...
