Corporate social responsibility is defined as a commitment by corporate bodies to contribute towards sustainable economic development by working with the local community, employees and their families and the entire society in order to augment the quality of life they lead. However, owing to the widespread corporate corruption, organizations have been changed to benefit those who own them at the detriment of those who do not have a stake in the organization. This is in total disregard of the theories of corporate social responsibility and stakeholder.
Corporate social responsibility has a discretionary and voluntary aspect. It requires that a company exceeds ...