Corporate Social Responsibility

Paper Summary:

This paper discusses the Nike Corporation as one of the most effective examples of corporate social responsibility (CSR) demanding change and forcing open reporting of CSR and ethical concerns. The paper explains that, as a result of CSR, Nike moved away from secretly supporting multinational archaic sweatshop contractor employees to now demanding that international contractors operate under U.S. labor laws. The paper further explains that, whereas Securities and Exchange Commission (SEC) and Sarbanes-Oxley (SOX) reportings are purely financial in their approach, CSR reporting is voluntary, includes any issue that the company deems appropriate for CSR standards and can be done by both public and private companies.

Table of Contents:
Introduction
Case Study CSR Reporting
CSR Reporting Compared

From the Paper:

"Many companies choose to expand CSR by creating a code of conduct on which to base other reported or unreported ethical standards. If it is important to an industry or company to reduce particulate emissions into the water and air, increase labor fairness or even limit waste production and reuse of scrap materials, then it can and should be written into their code of conduct. A code of conduct can really be anything that includes ethical CSR principles and is usually an agreement between companies and employees and possibly suppliers and the purchasers that demand compliance with regard to internal CSR."

Sample of Sources Used:

• Ballou, B., Heitger, D. L., & Landes, C. E. (2006). The Future of Corporate Sustainability Reporting: A Rapidly Growing Assurance Opportunity. Journal of Accountancy, 202(6), 65.
• Berkhout, T. (2005, January/February). Corporate Gains: Corporate Social Responsibility Can Be the Strategic Engine for Long-Term Corporate Profits and Responsible Social Development. Alternatives Journal, 31, 15.
• Fogleman, S. L., Peterson, B. H., Heninger, W. G., & Romney, M. B. (2007). Opportunity Detected: New SEC Interpretive Guidance and AS5 Give Companies and Auditors a Chance to Make Internal Controls More Efficient. Journal of Accountancy, 204(6), 62.
• International Green Purchasing Network (2006) Green Purchasing Public Procurement Starter Kit Retrieved, May 1, 2008 <http://www.gpnindia.org/download.php>.
• Jasanoff, Sheila. (2006) "Transparency in Public Science: Purposes, Reasons, Limits." Law and Contemporary Problems 69 (3): 21.

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