social responsibility


Also found in: Legal, Acronyms, Wikipedia.

Social Responsibility

The practice of appropriate behavior in a public setting, regardless of the behavior's legality. In investing, social responsibility helps inform the investment decisions of some individuals and companies. For example, an individual may have a moral objection to smoking and therefore may refrain from investing in tobacco companies. Social responsibility in investing may be either positive or negative; that is, it may inform where an individual makes investments (e.g. in environmentally friendly companies) and where he/she does not (e.g. in arms manufacturers). Some mutual funds and even whole subdivisions are dedicated to promoting socially responsible investing. See also: Green fund, Islamic finance.

social responsibility

a business philosophy that stresses the need for firms to behave as good corporate citizens, not merely obeying the law but furthering the interests of the STAKEHOLDERS - shareholders, employees, customers, suppliers and the community Social responsibility is an alternative goal to PROFIT MAXIMIZATION for firms. See CORPORATE GOVERNANCE, FIRM OBJECTIVES.
References in periodicals archive ?
He added that the conference could envision the reality of corporate social responsibility in Oman and underline the new concepts that have occurred on the concept of social responsibility.
The meeting has reviewed the ongoing arrangements for convening the 5 th meeting of the social responsibility in Al-Obied the capital of North Kordufan state during 19-20 of current March.
In today's competitive world, the concept of organizational social responsibility has become the dominant paradigm in the administration of organization.
The forum sought to create an environment in which professionals and academics involved in social responsibility could come together, share ideas and strategies, and forge partnerships.
The first session of the forum will discuss how to achieve a triangle partnership in social responsibility, mechanisms of formulating a national agenda for social responsibility, and the implications of activating the partnership between the public and private sectors on social development.
The 2012 China Social Responsibility Annual Forum was sponsored by the China Association of Enterprises with Foreign Investment (CAEFI), China Foundation of Consumer Protection, China Private Economy Research Association and China Forum of Environmental Journalists (CFEG), in association with the Corporate Social Responsibility and Social Development Research Center of Tsinghua University and many other related institutions.
BCSRS chairman Khalid Al Qoud signed the agreement for the Corporate Social Responsibility and the World Today conference with Unido Investment and Technology Promotion Office head Dr Hashim Sulaiman.
He told companies to rise above average interests and private ambitions through investments in the common good, but without seeing social responsibility as something that is imposed from the outside.
Concepts, terms and definitions related to social responsibility.
From its beginnings in November 1900, The World's Work was devoted to social responsibility in the public interest," David L.
It also seeks to find an integrated tool on corporate governance and social responsibility to be used for assessing the success of its management to create and find values and principles of governance and social responsibility initiatives and make it a developed assessment tool used by companies.
Written by Professor of Business Ethics (Haas School of Business) David Vogel, The Market for Virtue: The Potential and Limits of Corporate Social Responsibility is a scholarly examination of a politically charged and highly polarized debate concerning what corporate social responsibility can, cannot, and must accomplish in a modern capitalist economy.