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Stakeholders and corporate social responsibility
| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | After the Chinese government released the Scientific Outlook on Development which puts people’s interests first and stresses an all-round, balanced and sustainable development model, and defined the strategic mission of building a harmonious socialist society, Corporate Social Responsibility (CSR) has drawn increasing attention from different sectors across the country. This indicates a crucial transformation in China’s development model, a shift from a one-sided focus on the economic growth rate to a scientific development model that stresses balance among economic, social and environmental development and sustainable growth. At the micro-economic level, instead of maximising shareholders’ interests alone, companies now take a more holistic view of how their decisions and actions might affect stakeholders and make compensation or repayments accordingly. They have begun to undertake varied forms of social responsibilities across economic, legal, moral and charity issues, resulting in a beneficial interaction with stakeholders and an internal and external environment favourable to their own long-term operations. |
| Page Count | 10 |
| Starting Page | 95 |
| Ending Page | 104 |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2011-09-22 |
| Access Restriction | Open |
| Subject Keyword | Governance Industry and Services |
| Content Type | Text |
| Resource Type | Chapter |
