Corporate Social Responsibility – A Well-Meaning But Unworkable Concept

Abstract

I’ve been told that the Corporate Social Responsibility movement began some 25 years ago. It appears to be based on some assumptions. First, it asserts that shareholders are ‘corporate owners’. Second, it describes the traditional view of a corporation as a ‘shareholder focused entity’. Having made those assumptions, CSR proponents then urge a change to a ‘stakeholder’ model.