This paper examines the moral and ethical obligations faced by companies to make contributions to charitable organizations.
Written in 2007; 1,496 words; 3 sources; MLA; $ 49.95
Paper Summary:
The paper explores whether successful corporations have a moral and ethical duty to make charitable contributions. The paper offers three reasons why honoring such obligations is both necessary and even beneficial for the company. The paper brings the argument that corporate social responsibility detracts from the wealth of companies and so shareholders are disadvantaged as a result. The paper explores the ongoing debate and is of the opinion that it is in the long-term interest of both companies, shareholders and stakeholders to honor corporate social responsibility.
From the Paper:
"In determining the moral duties and obligations of a successful business establishment, it is important to first define the concept of morality, both as it is understood in society and how it is understood in dictionary terms. Morals for example refer to standards of conduct in terms of society as a whole. These standards relate very much to the social concept of the good/bad dichotomy at any given moment in history. Hence, the concept of good, moral conduct today is the product of centuries of moral human evolution. In addition to social standards, good, moral conduct may also be driven by the demands of the individual's conscience and the individual sense of right or wrong. In short, moral principles are based upon the inner, psychological sense of obligation, right or wrong, and standard of conduct in terms of best benefiting both the individual and the social circle within which the individual lives."
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