Analyze the activities of G4S PLC in relation to Corporate Social Responsibilities
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Corporate Social Responsibility refers to the general beliefs held by citizens that modern businesses have social responsibilities beyond their duty to investors and stockholders (Visser et al 2010). Over the years, the business community has developed an interest in CSR mostly because of what it means to them in practice.
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Assessment task two (1250words)
Corporate governance involves a set of relationships between a company’s management, its board, its shareholders, and other stakeholders. Corporate governance also provides the structure through which the objectives of the company are set, and the means of achieving those objectives and monitoring performance are determined” Preamble, OECD Principles, OECD, Paris
Select a company from the list below and analyze it's activities in relation to Corporate Social Responsibilities (CSR)
- Brewing Dolphin PLC
- Bovis Homes Group PLC
- Entertainment One Group PLC
- G4S PLC
It is recommended that you apply Archie Carroll’s CSR model to your answer. Please illustrate your points with relevant practical examples
Key Learning Outcomes
By the end of assessment task one, students should be able to:
- Get in-depth knowledge and understanding of corporate governance, and the importance of Corporate Social Responsibilities(CSR).
- Identify and understand CSR concepts and models such as Archie Carroll’s CSR model (1991) and its practical applications including examination of the four areas that make up corporate social responsibility as identified by Archie Carroll.
- Apply this model to a chosen company including the use of relevant practical examples to demonstrate understanding of this model.
1.0 INTRODUCTION
Corporate Social Responsibility refers to the general beliefs held by citizens that modern businesses have social responsibilities beyond their duty to investors and stockholders (Visser et al 2010). Over the years, the business community has developed an interest in CSR mostly because of what it means to them in practice. Business experts like Porter have associated the concept with a competitive advantage, businesses today have to invest in CSR as part of their business strategy in order to be more competitive (Visser et al 2010). In today’s world, many big businesses and organizations have been put under pressure from several stakeholders to engage in social and environmental responsibility and G4S is among those companies. Brands are in today’s world being used by stakeholders as hostages because associating a brand with irresponsible activities can have a notable effect on brand value.
G4S the world leader in security solutions has had its name tarnished in the public eye after a series of scandals in its activities. Other than being the security solutions global leader, the company is subcontracted by several governments for their dirty work all the way from prison management to the deportation of migrants. This essay is going to analyze G4S’s activities in relation to Corporate Social Responsibilities (CSR).
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