Corporate Social Responsibility Name of the student: 5 Freidman: 5 Jensen's theory: 9 Boatright's theory: 9

Running head: CORPORATE SOCIAL RESPONSIBILITY
Corporate Social Responsibility
Name of the student:
Name of the university:
Author note

1CORPORATE SOCIAL RESPONSIBILITY
Table of Contents
Introduction...........................................................................................................................................2
Literature review:..................................................................................................................................2
Discussion.............................................................................................................................................4
Benefit of the society:........................................................................................................................4
Theories:............................................................................................................................................5
Freidman:..........................................................................................................................................5
Freeman’s theory:..............................................................................................................................6
Jensen’s theory:.................................................................................................................................9
Boatright’s theory:.............................................................................................................................9
Conclusion:..........................................................................................................................................10
Reference:............................................................................................................................................11

2CORPORATE SOCIAL RESPONSIBILITY
Executive summary
The main aim of this report is to point out the main theme of the corporate social responsibility. It has
been stated by many researchers that the companies have certain duties towards the society and they
should act for the benefit of the society. However, in this report, the four theories regarding the same
have been discussed and analysed critically. The leaning mentality of the companies to the
shareholders have been mentioned in this report and also discussed about the reasons regarding the
same. The actual purpose of the policy of social responsibility has been narrated.

3CORPORATE SOCIAL RESPONSIBILITY
Introduction
The report is based on certain theories of corporate social responsibilities. Corporate social
responsibility can be termed as responsible business and the main object of this policy is to monitor
the business mechanism and maintained the standard of business within the sphere of law (Brown,
2013). The process includes certain standard of statutory requirements and engaged the companies to
act for the benefit of the society. It has been stated by the policy that every company should have to
do certain works from that the society can be benefitted and the main theme of the policy is based on
this fact. However, the acts of the companies should be performed within the purview of law. The
policy has given certain options to the labour organisation so that they can take part to this noble
action and understand the socio-political issues of the company (Cheng, Ioannou, & Serafeim,
2014). In recent times, it has been observed that the companies are suffered gender discrimination
and recruitment of disabled workers. Sexual abuse in the workplace or irregularity in the payment of
wages are also burning topic in the companies and these affected the social and personal life of the
workers. Corporate social responsibilities are restricting the power of the corporation and act as a
guide to the companies (Crane, Matten & Spence, 2013). It regulates certain business ethics and for
the betterment of the company. According to the view of the political economists, this policy can
secure the interest of the stakeholders and will help to manage the enterprises by strategic and ethical
point of view. Milton Friedman had stated that the ultimate goal of the corporation is to ensure profit
for the interest of the shareholders. Reverend Freeman concentrated on the ethical promises of a
business. This report has been discussed the theories and critically analyse all the necessary concepts
to come into a conclusion regarding the motto and objective of the corporate social responsibilities
(Hombert et al., 2014).
Literature review:
Therefore, it has been notified that the main theme of this report is to discuss the importance
of the corporate social responsibilities. This matter can well be understood by point out the purposes