Areas of Social Responsibility
Even though corporate responsibility for increasing the wealth of stockholders is well recognized, other social responsibilities are only beginning to be accepted. Below is a brief list of the many areas in which corporations have acknowledged their social responsibility and established programs to deal with them. Responsibility for protecting the natural environment: includes judicious use of natural resources, energy conservation, limiting polluting emissions, and waste management. Responsibility toward consumers: includes creating safe products and pack ages, educating consumers on product use and disposal, being truthful in advertising, and establishing a procedure for dealing with consumer complaints. Responsibility toward employee welfare: includes providing fair compensation and benefits and safe work environments, eliminating discrimination, pro viding opportunities for personal and professional development, and having progressive human resource policies. Responsibilities toward local, state, and federal government agencies: include fulfilling obligations under regulations and statures of these agencies, cooperating in planning and investigations, and Continue reading
