Social Responsibility, Corporate Constituency Statutes, and the Social Benefit Corporation

Author(s)

Frank J. Cavico, Nova Southeastern UniversityFollow
Bahaudin G. Mujtaba, Nova Southeastern UniversityFollow

ORCID

Frank J. Cavico0000-0002-6258-2136

Bahaudin Mujtaba0000-0003-1615-3100

Document Type

Article

Publication Title

International Journal of Management and Administrative Sciences

ISSN

2225-7225

Publication Date

1-1-2012

Abstract/Excerpt

Company owners, shareholders, and investors expect a positive return on their investments. However, business is further expected to achieve this economic value in conformity with the social norms in the community. That is, business must act in a profitable, legal, and moral manner and also to do so in a socially responsible manner. As such, above and beyond the responsibility to act legally and morally in the pursuit of profit is the notion of social responsibility, which typically today in a business context is called “corporate social responsibility” (CSR). This article discusses the concepts of social responsibility, corporation constituency statutes, and the social benefit corporation in a modern-day global business environment. Suggestions and recommendations for managers and organizations are provided.

Volume

1

Issue

7

First Page

21

Last Page

25

Comments

http://search.proquest.com/openview/fac35b4a31a9564fd55e89d2264985d9/1?pq-origsite=gscholar&cbl=2026486

NSUWorks Citation

Cavico, Frank J. and Mujtaba, Bahaudin G., "Social Responsibility, Corporate Constituency Statutes, and the Social Benefit Corporation" (2012). HCBE Faculty Articles. 485.
https://nsuworks.nova.edu/hcbe_facarticles/485