CAVITE STATE UNIVERSITY – IMUS CAMPUS

IMUS CAVITE

REFLECTION PAPER

ON

CONCEPTS IN SOCIAL RESPONSIBILITY

AND GOOD GOVERNANCE

SUBMITTED TO:
ALFE SOLINA, PHD
Social Responsibility & Good Governance

SUBMITTED BY:
RODELIA ANNE C. MAÑABO
MBA – 1st Semester

DATE: October 20, 2023

 CONCEPTS IN SOCIAL RESPONSIBILITY AND GOOD GOVERNANCE

Understanding social responsibility and good governance is essential specially in the business world.

1. Ethical Business Practices: It promotes ethical behavior within organizations, encouraging them to
operate with honesty, integrity, and transparency, which is vital for long-term success.

2. Stakeholder Trust: Businesses that prioritize social responsibility and good governance tend to earn the
trust of their stakeholders, including customers, employees, investors, and the public.

3. Reputation Management: It helps in building and maintaining a positive reputation, which can enhance
a company's brand value and attract more customers.

4. Legal and Regulatory Compliance: Adhering to good governance principles ensures compliance with
laws and regulations, reducing legal risks.

5. Sustainability: These principles contribute to the long-term sustainability of a business by considering

the environmental and social impact of its operations.

6. Attracting Investment: Companies committed to social responsibility and good governance are often
more attractive to investors, who increasingly value responsible and sustainable practices.

7. Employee Engagement: It can boost employee morale and engagement by creating a positive and socially
responsible work environment.

8. Competitive Advantage: Adopting these principles can set a company apart from competitors and attract
socially conscious customers.

9. Contributing to Society: Socially responsible businesses have the opportunity to make a positive impact
on their communities and the world.

In summary, understanding social responsibility and good governance is not only about ethics and
compliance but also about fostering a sustainable, trusted, and successful business environment.