{"id":1198,"date":"2010-03-28T19:19:01","date_gmt":"2010-03-29T03:19:01","guid":{"rendered":"https:\/\/blogs.ubc.ca\/ethicsofisl\/?p=1198"},"modified":"2010-03-29T08:03:59","modified_gmt":"2010-03-29T16:03:59","slug":"role-call-to-corporate-social-responsibility","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/ethicsofisl\/2010\/03\/28\/role-call-to-corporate-social-responsibility\/","title":{"rendered":"Role Call to Corporate Social Responsibility"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"color: #888888;\">By Paul Bain<\/span><\/p>\n<p style=\"text-align: justify;\">I have been reading various articles on the debate around Canada\u2019s foreign CSR. It is a tough issue and I am still unsure where I stand on the matter.\u00a0 I do not want to try to lay out specific laws that should govern corporations because I feel that CSR is still evolving and CSR standards will be constantly changing over the next decade.\u00a0 Therefore, I want to focus this blog on answering this question: What role does party have with ensuring CSR?<\/p>\n<p><strong>The Shareholders of the Corporation:<\/strong> The shareholders have an important role in upholding CSR.\u00a0 Ideally, prospective investors should be responsible to consciously invest in companies which respect CSR.\u00a0 I believe that shareholders should demand for public disclosure of information corresponding with CSR issues.\u00a0 A third party CSR audit system should be implemented to establish legitimate transparency.\u00a0\u00a0 These initiatives will enable the Government of Canada and the clients of the corporation, to better understand the initiatives taken by the corporation to uphold its social responsibility.<\/p>\n<p><strong>The Customer of the Corporation:<\/strong> Customer\u2019s have the duty of researching and learning about the corporation\u2019s CSR policies.\u00a0 The customer then has the power to choose which corporation they will support and buy from.\u00a0 Customer\u2019s can pressure corporation\u2019s (with their wallet\u2019s and voices) to incorporate CSR into their business mandate.<\/p>\n<p><strong>NGOs:<\/strong> The role of NGOs is to help share information with the public about a corporations CSR practices.\u00a0 NGOs can act as a \u2018watchdog\u2019 by spreading awareness about CSR abuses.\u00a0 NGO\u2019s that are active in a foreign state (where corporations are involved) have the opportunity to provide insight into the corporation\u2019s effects on the local community.<\/p>\n<p><strong>The Government of Canada: <\/strong>The GOC should apply pressure on Canadian corporations to uphold their domestic CSR regulations when they are working in foreign countries. The GOC should be taxing corporations who are not conducting foreign CSR.\u00a0 The GOC should also provide positive incentives for a corporation\u2019s compliance with CSR, such as tax breaks or a governmental stamp of CSR approval rating (something like certified Dolphin free tuna) to attract more conscience customers.<\/p>\n<p><strong>The Foreign Country\u2019s Government: <\/strong>While this role may be the most important to ensure foreign CSR, it is possibly the least accountable.\u00a0 In developing countries it may be difficult to enforce strict CSR regulations when there is a dire need for foreign investment.\u00a0 There is also the issue of wealthy corporations \u2018paying off\u2019 foreign governments to avoid their domestic legislation on CSR.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Paul Bain I have been reading various articles on the debate around Canada\u2019s foreign CSR. It is a tough issue and I am still unsure where I stand on the matter.\u00a0 I do not want to try to lay out specific laws that should govern corporations because I feel that CSR is still evolving [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4879,5916],"tags":[],"class_list":["post-1198","post","type-post","status-publish","format-standard","hentry","category-contributions","category-debatables"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/ethicsofisl\/wp-json\/wp\/v2\/posts\/1198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/ethicsofisl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/ethicsofisl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/ethicsofisl\/wp-json\/wp\/v2\/users\/720"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/ethicsofisl\/wp-json\/wp\/v2\/comments?post=1198"}],"version-history":[{"count":3,"href":"https:\/\/blogs.ubc.ca\/ethicsofisl\/wp-json\/wp\/v2\/posts\/1198\/revisions"}],"predecessor-version":[{"id":1200,"href":"https:\/\/blogs.ubc.ca\/ethicsofisl\/wp-json\/wp\/v2\/posts\/1198\/revisions\/1200"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/ethicsofisl\/wp-json\/wp\/v2\/media?parent=1198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/ethicsofisl\/wp-json\/wp\/v2\/categories?post=1198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/ethicsofisl\/wp-json\/wp\/v2\/tags?post=1198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}