Mae R.

Santiago

BSA-2A

SUMMARY QUESTIONS:

1. What are the main implications of the legal status of corporations of corporate social
responsibility?
The effect of the status of CSR corporations is that the law contributes significantly to the
event of corporate social responsibility. If business practices CSR, they aim to boost the
economy and also the communities. And when your business is growing, it is vital to
own a socially conscious image, because employees, consumers, and stakeholders give
priority to CRS when choosing an organization.
2. “Only human beings have a moral responsibility for their action” Asses this proposition
in the context of attempts to ascribe moral responsibility to corporations.
The corporation is a legal entity that is separate and separate from its owners and
therefore cannot assume moral responsibility for their actions. These are the human
beings who have a moral responsibility for the actions of the corporation.
3. What are the four levels of corporate social responsibility? How relevant is this model in
American, European or Asian context.
There are four levels of CSR; the first is economic responsibilities, initiatives that involve
improving the company's business operations while participating in sustainable practices.
Next is Legal Responsibilities, every business has a responsibility to follow the laws and
regulations. Third, ethical responsibility is the behavior that society expects. Last but not
least, Philanthropic Responsibilities is the fourth level of corporate social responsibility
that involves donating funds, goods, or services to another organization or cause. It is
relevant to every country because it can improve corporate social responsibility within
their organization.
4. Differentiate corporate accountability from corporate transparency.
Transparency refers to the conduct of activities or actions in an open and clear manner.
Clarity is the main focus of transparency. While Accountability refers to being
responsible for one's actions and being able to provide a sound rationale for action.
 Acknowledgement and responsibility for one's actions are the main focus of
accountability.
5. In your own word define corporate citizenship.
Corporate Citizenship could be recognition that a business, corporation, or business-like
organization, has social, cultural, and environmental responsibilities to the
community within which it seeks a license to control, moreover as economic and
financial ones to its shareholders or immediate stakeholders.
6. Discuss the three different rights that comprises with liberal citizenship.
Social rights are the right to education, health, care, or various aspects of welfare. And
also to give freedom to participate in society. Next, civil law provides freedom through
abuses and interference by third parties; the right to own property, and freedom of
speech. Last but not least, political rights are the right to vote and enable individuals to
participate in the progress of governance beyond the sphere of their own privacy.
7. Differentiate stakeholder democracy from corporate governance.
Stakeholder democracy provides an opportunity to influence and control corporate
decisions, while corporate governance codifies and regulates the different rights of
stakeholders.
8. Enumerate the reasons why do corporations have social responsibilities?
To enhance long term revenues, reduce costs, manage risks and uncertainty and
maintaining the social license to operate.
9. Define the meaning of corporation in terms of legal status and ownership of assets.
A corporation could be a legal entity that's separate and distinct from its owners.1
Corporation enjoy most of the rights and responsibilities that individuals
possess: they'll enter contracts, loan and borrow money, sue and be sued, hire employees,
own assets, and pay taxes. Some confer with it as a legal person.
10. Differentiate traditional CSR from contemporary CSR.
In a Traditional CSR, a corporation generates its profits and creates value without much
consideration for wider societal consideration beyond shareholders
and sometimes customers. in a very traditional CSR, they're going to raise funds and
make donations however it's little to try to do with how they function as a corporation.
 Panasonic
There are different activities of Panasonic in Each Country. Like support for
learning, NPO Support, Panasonic Eco Relay in Japan, Foundations, Great East
Japan Earthquake Reconstruction support and Support for the arts and culture. The
Panasonic slogan is “A Better life, A Better World” they aim to contribute to the
solution of social problem to better ways to live and the development of society
and human happiness of the world.