Strategic corporate social responsibility compliance is an internal policy of most companies. The research focuses on compliance with strategic corporate social responsibility. The research includes study on the stakeholders. Strategic compulsory strategic corporate social responsibility improves the company’s public image among the various stakeholders.
Christian Bacher (2) theorized the implementation of strategic corporate responsibility is an important part of the employees’ or officers’ work itineraries. During this writer’s stay in Goldman’s, Morgan Stanley, and Lehman Brothers, it is the employees’ or officers’ compulsory duty to comply with the company’s corporate social responsibility policies.
The employees and officers of the company ensure that the company’s products and services comply with ethical standards. Ethical standards include giving the clients quality products manufactured without violating environmental laws. Likewise, strategic corporate social responsibility dictates the employees and officers of all companies must prioritize the public interest in all their decision-making activities.
Consequently, the officers and employees must ensure that all its business activities translates to the enhancement, uplifting, growth, improvement, development, and promotion of the interest of the employees, clients, stockholders, community, owners, suppliers, and other affected parties. The corporate officers must ensure the company’s compliance with all pertinent laws of the land, especially the labor laws.
For example, the companies must not charge loan interest rates that overshoot the limit set by the law on interest charges. The responsibility includes contributing financially to the stakeholders’ growth and development, including sponsoring community welfare projects.
In addition, three programs or initiatives offered by various companies fall outside corporate social responsibility. First, the Unocol Corporation and its president have been charged in court for the violation of established corporate social responsibility doctrines. The company and its officers were charged in court for implementing human rights violations in the workplace (Banerjee 63).
Second, many companies engage in graft and corruption practices to corner a larger chunk of the market segment. Some sales representatives irresponsibly offer bribe money or commissions to the current and prospective clients’ purchasing and other officers in exchange for winning the purchase orders (Hancock 126).
Lastly, Enron violated its strategic corporate social responsibility duties when it violated the provisions of the United States generally accepted accounting standards; the company fraudulently presented financial statement figures that were fraudulently higher than the actual financial statement amounts (Sims 153).
Based on the above discussion, strategic corporate social responsibility should be a compulsory internal policy of companies. The corporate social responsibility includes self-regulation.
The employees’ and officers’ workplace responsibilities include compulsory compliance with their company’s corporate social responsibility policies. Compliance enhances the company’s image among the community, employees, suppliers, and other affected parties. Indeed, compulsory strategic corporate social responsibility improves the company’s public image.