Keywords
CSR
Business Judgement Rule
How to Cite
Abstract
It has now become well-settled that Mr. FitzGerald has rightly pointed out about the importance of Corporate Social Responsibility (CSR). It bears seminal importance not only for the company and the stakeholders but for the society as a whole. CSR decision has been taken by the company for the development of the society and it acts as a medium to connect the company with its customers or clients very easily. This enhanced connectivity of the company with its customers may increase the sale and profit of the company. CSR
builds a positive image of company in the market. It changes the public perception towards the company which in turn enhances client confidence . CSR activity increases the connectivity of the company with the community and it in turn widens the opportunity of the employees of the companies to interact with potential customers and helps in marketing the product of the company . Employees of the company, generally, perform better when they engage themselves in socially responsible activities. When employees engage in
social welfare activities, it is seen that they become more innovative and creative for the company and hence CSR enhances the skill of the employees .
References
Winnie Ellis-Hall, "The Importance of CSR and why a Company should embrace it", available at: https://www.drpgroup.com/en/blog/the-importance-of-csr-and-why-a-companyshould-embrace-it (last visited on March 12, 2022).
Ibid.
Ibid.
Bernard S. Sharfman & R Street Institute, "The Importance of the Business Judgment Rule", available at: https://Corpgov.law.harvard.edu/2017/01/19/the-importance-of-thebusiness-judgment-rule (last visited on March 12, 2022).
Lawshelf: Educational Media, "The Business Judgement Rule and the Fiduciary Duty of Care", available at: https://lawshelf.com/shortvideoscontentview/the-business-judgementrule (last visited on 12-03-2022).
Otis & Co. vs. Pennsylvania R. Co., 61 F. Supp. 905 (D.C. Pa.1945).
(2004)3 S.C.R. 461.
(2006)20 B.L.R.(4th) 67, June 21, 2006(2006 Can. LII 22117).
473 A.2nd 805, 812(Del.1984).
539 A 2nd 180(Del 1988).
488A2nd858(Del.1985).
Jason Fernando and reviewed by Gordon Scott, "Corporate Social Responsibility (CSR)", available at: https://www.inrestopedia.com/terms/c/corp-social responsibility.asp (last visited on March 13, 2022).
Ibid.
UK Essays, "A definition of Corporate % 20 Social Responsibility Management Essay", available at: https://www.ukessays.com/essays/management/a-definition-of-corporatesocial-responsibility-management-essay.php. (last visited on March 10, 2022).
Ibid.
CSR, "The Board and its role in CSR: An Overview", available at: https://www.csr.com.au/investors-and-news/corporate-governance/board-charter (last visited on March 11, 2022).
Humphry Hung, "Directors Role in CSR: A Stakeholder Perspective"103 Journal of Business Ethics: Springer 390 (2011).
Nigel Wilson, Corporate Social Responsibility, "The Business Judgment Rule and Human Rights in Australia- Warm inner Glow or Warning the Globe" 38 Monash University Law Review 156.
Ibid.
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Copyright (c) 2022 SOUTH INDIA JOURNAL OF SOCIAL SCIENCES