Australia's #1 for Law
Join 150,000 Australians every month. Ask a question, respond to a question and better understand the law today!
FREE - Join Now
Social responsibility is an ethical framework and suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large. Social responsibility is a duty every individual has to perform so as to maintain a balance between the economy and the ecosystems. A trade-off may exist between economic development, in the material sense, and the welfare of the society and environment, though this has been challenged by many reports over the past decade. Social responsibility means sustaining the equilibrium between the two. It pertains not only to business organizations but also to everyone whose any action impacts the environment. It is a concept that aims to ensure secure healthcare for the people living in rural areas and eliminate all barriers like distance, financial condition, etc. This responsibility can be passive, by avoiding engaging in socially harmful acts, or active, by performing activities that directly advance social goals. Social responsibility must be intergenerational since the actions of one generation have consequences on those following.Businesses can use ethical decision making to secure their businesses by making decisions that allow for government agencies to minimize their involvement with the corporation. For instance, if a company follows the United States Environmental Protection Agency (EPA) guidelines for emissions on dangerous pollutants and even goes an extra step to get involved in the community and address those concerns that the public might have, they would be less likely to have the EPA investigate them for environmental concerns. "A significant element of current thinking about privacy, however, stresses "self-regulation" rather than market or government mechanisms for protecting personal information". According to some experts, most rules and regulations are formed due to public outcry, which threatens profit maximization and therefore the well-being of the shareholder, and that if there is not an outcry there often will be limited regulation.Some critics argue that corporate social responsibility (CSR) distracts from the fundamental economic role of businesses; others argue that it is nothing more than superficial window-dressing, or "greenwashing"; others argue that it is an attempt to pre-empt the role of governments as a watchdog over powerful corporations though there is no systematic evidence to support these criticisms. A significant number of studies have shown no negative influence on shareholder results from CSR but rather a slightly negative correlation with improved shareholder returns.

View More On
  1. P

    NSW Giving Ex Sole Parental Responsibility - Repurcussions?

    Hi, My question is related to my earlier post located here NSW - How do I walk away from parenting proceedings Trying to obtain access to my children has gotten me no where as she has fought it on all fronts, and due to an ADVO based on false allegations I’ve only been offered an hour phone...
  2. DaniDee

    QLD 'Pre-Grant' Probate- Named Executor responsibilities??

    Whilst a probate application is being contested and no executor/administrator has been court appointed.... is there any fiduciary & legal responsibilities of the named executor to the estate & beneficiaries
  3. F

    VIC Sole parental responsibility

    Hi everyone, I have a rather complex and long standing parenting matter. Long story short...court order made (against wishes of child) to live with father. Acrimonious and difficult relationship between father and daughter exaccerbated, episode of physical abuse. Child left, refused to see...
  4. B

    Responsibility for identifying caveat

    I am interested to understand who is responsible in the following situation for identifying a caveat exists on a property being used as security in the name of an individual prior to settlement another property. A friend, lets say Barry, is estranged from wife. After a number of years of...
  5. D

    Executor's responsibility

    My friend and her husband lost their only child and made one of his friends the executor of their will. They did this as she was younger than all their friends and would most likely be around to carry out her role. However, she has since been making very strong hints about her need for money...
  6. Q

    VIC Retaining Wall Responsibility

    We bought a property a year ago. After we moved in, our neighbour asked us to fix our retaining wall. It's just within our fence and it's pushing the fence towards our neighbour's property. Here is some information about the retaining wall: The land surveyor report to us that the retaining wall...
  7. philip_rhoades

    NSW If I inform the police of a person who is driving an unregistered car and they do nothing - if there is an accident are the police liable?

    People, I think the subject pretty much covers it but it seems strange to me that police don't seem to interested in this dangerous situation and haven't done anything about it. If something bad DOES happen - shouldn't the police bear some of the responsibility? What should I do if that...
  8. T

    NSW Mould in brand new rental property unit: who is responsible? Builder, landlord, or tenant?

    I have a brand new apartment unit that is currently tenanted. During this year’s winter (the first winter that the apartment has experienced), the tenants raised a complain to the property manager about moulds developing inside the unit. The property manager organised two separate inspections...
  9. T

    Interpretation of shared parental responsibility

    Hi everyone, I've been divorced for 7 years now, but still have a very rocky time with my ex husband. We have equal shared parental responsibility, but last week my kids told me their dad had sent them to afterschool care. He hadn't communicated with me at all about it, and as far as I'm...
  10. H

    NSW Significant change in circumstances - parenting orders

    Exactly what grounds are necessary to have sole parental responsibility orders revised when there has been no contact between the children and the other parent for many years and the children maintain their wish to have no contact? The orders also include no contact from the other parent...