Corporate Social Responsibilities : Comparing Nigeria with England

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TABLE OF CONTENTS

CHAPTER 1: INTRODUCTION1

Background of the Study1

Research Aims and Objectives2

Research questions2

CHAPTER 2: LITERATURE REVIEW4

Corporate Social Responsibility4

The Best Definition of Corporate Social Responsibility5

Understanding the CSR Phenomenon5

Applying CSR through Integration of Theory and Definition7

Corporate Social Responsibility and Nature of Business8

Importance of CSR for Organizations and Society9

CSR Types and Benefits11

Corporate Social Responsiveness14

CSR Actions versus Corporate Social Responsiveness15

Organizational Culture and Corporate Social Responsiveness16

CSR Actions and Performance17

Corporate Social Responsibility in Nigeria19

Corporate Social Responsibility in England20

Summary22

REFERENCES24

CHAPTER 1: INTRODUCTION

Background of the Study

Corporate Social Responsibility (CSR) is the combination of corporate legal obligations and moral obligations, which include formal institutional arrangements and informal institutional arrangements of the entity. Moral obligation is not statutory, but voluntary compliance by the obligor other than coercion as the performance of its security obligations. In another word, the obligor is under what is known as “soft constraints”. The legal obligation is statutory and mandatory masterpiece for the performance of the state's obligation to guarantee the reality and potential to the obligor, known as “hard constraint”, is to maintain basic social order and the minimum necessary for the moral law(Gueterbock, 2004, pp). Taken at face value, when a company establishes a CSR policy, it is simply making a social contract with its stakeholders, however they are defined.

Typically, a CSR policy will restate the company's commitment to abide by accepted corporate governance practices, ethical standards, and the laws governing the places where it operates. It may include statements on community involvement, and investment and intentions regarding corporate philanthropy and employee volunteering. It may also establish the accountability, transparency, and reporting standards to which it will adhere. Frequently, a CSR policy will voice support for human rights and respect for diverse cultures and disadvantaged people.

Companies frequently have other motives for investing in a CSR policy. The action is often taken primarily in response to concerns of existing stakeholders. But even in the absence of these, businesses often see the move as a way to attract new investors or customers. If their business is the first in its industry or region to adopt and publicize their CSR policy, it can distinguish them from the competitive field (Gregg, 2001, pp 33). For some companies, a well-publicized CSR policy can be used to justify charging a higher price for their product. There are numerous examples of reverse situations where the lack of a CSR policy, or even worse, being caught in the act of breaking such a contract, has had serious repercussions for manufacturers or retailers. Some corporations are slow learners. It took multiple incidents for Waitrose to finally take consumer opposition to child labour seriously. However, most companies are aware that mass consumer action can be organized in a matter of moments via social networking platforms such as Twitter(Graves, 2004, pp 1034).

Research Aims and Objectives

Aim

The purpose of the research study is to find out the comparison of Corporate Social Responsibility between Nigeria and England.

Objectives

Following are the objectives of the research study:

To find out the importance of CSR ...