Social responsibility of the company

Author: Liu Junhai
Publisher:
Publish Date: 1999-04-01
Features: Corporate Social Responsibility (CSR) is a hot issue that has attracted significant attention from corporate law scholars, legislators, corporate managers, shareholders, and all sectors of society. It poses a challenge to traditional corporate law theory. What exactly is corporate social responsibility? Why is it emphasized? What is the relationship between corporate social responsibility and the traditional corporate law's confirmation of the corporation as a profit-seeking legal entity? If corporate social responsibility has considerable rationality, how should effective institutional arrangements be designed? All these questions urgently need theoretical answers. The modern concept of corporate social responsibility is firmly rooted in people's understanding of the role of companies in society. The corporate system is the core of the market mechanism. The development and growth of companies fully comply with the principle of "three benefits" because companies can absorb, integrate, and blend labor, capital, and management. They can effectively allocate resources, encourage people's entrepreneurial and risk-taking spirit, help investors, managers, and workers realize their life values, pay taxes to the government, and have the social functions of promoting social integration and spiritual civilization construction. This book primarily uses research methods such as legal interpretation, comparative law, and historical examination to propose legal issues related to corporate social responsibility and attempts to answer some of the fundamental questions. However, there are still many issues that have not been thoroughly explored.