Corporate social responsibility and Multicurrency one-country pooling: Difference between pages

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imported>Doug Williamson
(Add links.)
 
imported>Doug Williamson
(Linked to The Treasurers Handbook - Legal implications of cash pooling structures)
 
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(CSR).
A cash management technique in which excess funds from companies’ accounts in the same country, which are denominated in different currencies, are concentrated and used to offset deficits for the purpose of determining interest earned or owed.
 
''Corporate governance''.
 
A form of corporate self-regulation integrated into a business model.
 
Ideally, CSR policy is a built-in, self-regulating mechanism where the business or other organisation  monitors and ensures its adherence to law, ethical standards, and international norms.
 
The organisation embraces responsibility for the impact of its activities on the environment, consumers, employees, communities, other stakeholders and all other members of the public sphere. The organisation also proactively promotes the public interest by encouraging community growth and development, and voluntarily eliminating practices that harm the public sphere.
 
 
All this means both:
#Adherence to existing laws and
#Acting in a way that is significantly better than the minimum standards required by law.




== See also ==
== See also ==
* [[Corporate governance]]
* [[Cash concentration]]
* [[ESG investment]]
* [[Cash management]]
* [[Ethics]]
* [[Deficit]]
* [[Greenwash]]
* [[Pooling]]
* [[Public interest]]
* [[CertICM]]
* [[SRI]]
* [[Legal implications of cash pooling structures]]
* [[Stakeholder]]
* [[Sustainability]]
* [[Profit maximisation]]
 
[[Category:Corporate_finance]]

Revision as of 11:11, 1 December 2014

A cash management technique in which excess funds from companies’ accounts in the same country, which are denominated in different currencies, are concentrated and used to offset deficits for the purpose of determining interest earned or owed.


See also

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