Chapter 14 - Corporate Social Responsibility and HRM - Carbery and Cross

The duty of a business to go beyond profit maximization and act responsibly and contribute positively to society

The role of HRM in driving the environmental strategy and activities of an organization

Organizations that are independent of government and generally run on a not-for-profit basis. Examples include Greenpeace, Friends of the Earth, Oxfam, the Fair Labor Association and the Institute for Global Labour and Human Rights

The practice of making charitable donations to good causes

The primary objective of management should be to maximize profit for shareholders

An implicit agreement between business and society that sets out the broad standards that business should adhere to and duties it should fulfil in order to maintain the support and legitimacy of society. These standards are partly reflected in law but are mostly contained in social norms, values and expectations

Investments made directly, or via a managed fund, in companies that are considered to be socially responsible

Management should take the interests of all stakeholders into account when making decisions

Any individuals, groups or organizations that are affected by or can affect the actions of a company

The role of HRM in driving the social and environmental strategy and activities of an organization. It also includes the ethical treatment of people who work for an organization and who are affected by the HR practices of an organization