ASSIGNMENT

Assignment

Assignment

The purpose of this paper is to analyze the statement that “Some people think that firms should only be responsible for their shareholders and to no-one else, while others consider that business should behave ethically and make socially responsible decisions.” Though corporate social responsibility (CSR) is on the agenda of most major corporations, corporate executives still largely support the view that corporations should maximize the returns to their owners. There are two lines of defence for this position. One is the Friedmanian view that maximizing owner returns is the social responsibility of corporations. The other is a position voiced by many ...