Good Governance and Corporate Social Responsibility

Good Governance and Corporate Social Responsibility

by Albert Rosario

Fill in the Blanks

​A corporation is an artificial entity as defined in Section 2 BP. 68. It has powers defined by law. its sole purpose is to pool resources and maximize profits.

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Open Ended

Why do we study Corporate Social Responsibility?

​Characteristics of a Corporation:

​1. Human like without being human. Being givencertain rights which natural person are entitled to.

​2. Transferability of ownership. Stock ownership can be transferred easily.

​3. Limited liability. investors are not liable for the obligations of a corporation.

​Legal - a corporation is created through law and, as such, must abide by the rules and reulations imposed for fairness and justice.

​Economic - An expectation of profit is natural when shareholders form corporations.

Open Ended

Give a name of a corporation which is not formed for profit and why?

​Ethical - Doing what is right for stakeholders is what ethical companies should aim for.

Open Ended

What ethical principle is being promoted for the protection of intellectual property rights?

Open Ended

If you are a CEO of a corporation, what social project of significant impact will you initiate and why?

Open Ended

Do you agreed with Milton Friedman, "that the sole responsibility of corporations is to generate profit for shareholders and that it is the government responsibility to provide for society's need? If yes why? If no why not?

Multiple Choice

One of the following is a Barrier to Corporate Social Responsibility. What is?

• Regulation

• Business case

• Industrial revolution

• None of the above