A Legal Review of Corporate Social Responsibility

Perry Ackon

doi:10.7176/jlpg/83-01

Abstract

The legal frontier has over the years proved its worth in shaping concepts and theories of humanity to the effect of influencing the sanity of its practice and its longevity. Corporate Social Responsibility is a theory that has existed over decades. It has however undergone various transformations as it has being duly influenced by facets of academia and developments all with the aim of maximizing its impact in the cause of achieving global development and sustainability. This academic piece in perspective, analyses the concept in legal terms and the light of its relevance today. Providing a legal definition and review of the concept in modern terms, the piece concludes with the need for more legislation to this regard. Keywords : Corporate Social Responsibility, Sustainable Development, Law, Regulation. DOI : 10.7176/JLPG/83-01 Publication date :March 31 st 2019

Highlights

Corporate Social Responsibility is a theory that has existed over decades
This paper presents a vivid legal perspective of Corporate Social Responsibility which is referred to as CSR
In Mauritius the government has enforced that companies registered in the country are mandated to pay 2% of their annual book profit to aid in the development of the country’s society and environment which largely falls under corporate social responsibility

Summary

Introduction

In definition the government of the UK has stated that “Corporate Responsibility can be defined as how companies address the social, environmental and economic impacts of their operations and so help to meet our sustainable development goals. This further went on to the firms being recognized as legal persons and as such able to enjoy protection from the government and the constitution as well.8 In Denmark the law took CSR a step further as well by making it mandatory for the corporate social responsibility information to be included in the financial

Results

Conclusion