Anglo American Corporate Social Responsibility - 1501 Words

1. Introduction Since the days when Friedman (1970) considered that: â€Å"†¦business as a whole cannot be said to have responsibility†¦Ã¢â‚¬ , the improvement of the notion of Anglo-American corporate social responsibility (CSR) has rapidly expanded. This essay will review the important concept around Anglo-American CSR, its development and provide a verdict on the extent whether liberalisation, globalisation, and developments in the markets for debts and equity are impacting the tradition view of an Anglo-American public corporation and the nature of its social responsibility. 2. Tradition view of Anglo-Saxon corporate and CSR According to the research from Cernat (2004), the fiduciary relationship between managers and shareholders constitute the basic of corporate in the Anglo-Saxon tradition. The character of Anglo-Saxon corporate governance systems is dispersed equity holding and a broad delegation to management of corporate responsibilities. Cernat (2004) draw the relationship model of Anglo-Saxon corporate as the managers and shareholders with agent and principal, respectively. In short period, individualism and profit-oriented behaviour are constituted a suite of appropriate institutions to enhance their effectiveness. Under this relationship, agency problem will be inevitable, which managers and shareholders have different interest and asymmetric information. Based on the self-interest, it comes no surprise that Friedman (1970), the extreme view of classic Anglo-SaxonShow MoreRelatedAnglo American Corporate Social Responsibility1514 Words   |  7 Pagescannot be said to have responsibility†¦Ã¢â‚¬ , the improvement of the notion of Anglo-American corporate social responsibility (CSR) has rapidly expanded. This essay will review the important concept around Anglo-American CSR, its development and provide a verdict on the extent whether liberalisation, globalisation, and developments in the markets for debts and equity are impacting the tradition view of an Anglo-American public corporation and the nature of its social responsibility. 2. Tradition view AccordingRead MoreBusiness Ethics : More Important Than You Think1577 Words   |  7 PagesWhen consumers can see that a company can act ethically and fulfill its social responsibilities they gain a certain trust and relationship with that company (Russell). Anglo American is one of the world’s leading mining companies and as a major part of the economy they strive to be as ethically sound as possible. Mining certainly has its costs and there is cheap and environmentally costly ways of doing it. However, Anglo American knew the gains they could make if they showed the public that they tookRead MoreEthical Theories920 Words   |  4 Pages2. 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