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What are the basic meaning of corporate social responsibilities?
Wiki User
∙ 12y ago
Although a corporation exists for the purpose of creating a profit for its shareholders, it is also recognized that a corporation can play a significant role in society, for good or for ill, and it has responsibilities to make society better, not worse, much like the responsibilities of the individual members of society. If a corporation makes a profit at the expense of harming the society in which it exists (for example, through highly toxic pollution) then it is not a good corporate citizen.
Wiki User
∙ 12y ago
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