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Corporate Governance and Chairmanship A Personal View$
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Adrian Cadbury

Print publication date: 2002

Print ISBN-13: 9780199252008

Published to Oxford Scholarship Online: September 2011

DOI: 10.1093/acprof:oso/9780199252008.001.0001

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Corporate Social Responsibility

Corporate Social Responsibility

Chapter:
(p.156) 10 Corporate Social Responsibility
Source:
Corporate Governance and Chairmanship A Personal View
Author(s):

Adrian Cadbury

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199252008.003.0010

This chapter focuses on company policy on social responsibility. The broadest way of defining social responsibility is to say that the continued existence of companies is based on an implied agreement between business and society. In effect, companies are licensed by society to provide the goods and services which society needs. The freedom of operation of companies is, therefore, dependent on their delivering whatever balance of economic and social benefits society currently expects of them.

Keywords:   social responsibility, business, society, goods and services, company policy

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