Contract and Corporate social responsibility: Difference between pages

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1.  ''Law - noun.''
''Corporate governance''.


A contract is a legally binding agreement between two parties.
(CSR).


Essential elements of an enforceable contract under English law include offer and acceptance, consideration, and legal capacity to contract (together with other legal requirements).
Corporate social responsibility is a form of corporate self-regulation integrated into a business model.  


It includes the acceptance by commercial organisations that they have wider ranging and longer term responsibilities, beyond the short and medium term financial interests of financial stakeholders. 


The fundamentals of contract law are similar throughout the countries of Europe, the US and many other jurisdictions.


However, each jurisdiction has its own individual contract law and, although these may be similar in many respects, they can also be significantly different in essential elements, for example in relation to the requirement for [[consideration]].  
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.


2. ''Law - verb.''
The organisation also proactively promotes the public interest by encouraging community growth and development, and voluntarily eliminating practices that harm the public sphere.  


To form or create a contract.


All this means both:
#Adherence to existing laws and
#Acting in a way that is significantly better than the minimum standards required by law.


3.  ''Size or number - verb.''


To become smaller, or fewer.
Corporate social responsibility is also sometimes known as ''corporate responsibility'' or ''corporate citizenship''.




== See also ==
== See also ==
* [[Arbitration clause]]
* [[Business & Human Rights Resource Centre]]
* [[Assignment]]
* [[Business in the Community]]
* [[Boilerplate]]
* [[Carbon footprint]]
* [[Breach of contract]]
* [[Corporate]]
* [[Capacity]]
* [[Corporate governance]]
* [[Carve-out]]
* [[ESG investment]]
* [[Condition]]
* [[ESG ratings]]
* [[Consensus in idem]]
* [[Ethics]]
* [[Consideration]]
* [[Fair trade]]
* [[Contra proferentem]]
* [[Free trade]]
* [[Contract for differences]]
* [[Green equity]]
* [[Contract hire]]
* [[Greenwash]]
* [[Contract purchase]]
* [[Modern Slavery Act]]
* [[Contracting]]
* [[Profit maximisation]]
* [[Contractor]]
* [[Public interest]]
* [[Counter-offer]]
* [[Reporting]]
* [[Currency contract]]
* [[Self-regulation]]
* [[Currency forward contract]]
* [[SRI]]
* [[Deal]]
* [[Stakeholder]]
* [[Discharge of contract]]
* [[Sustainability]]
* [[Documentation]]
* [[Sustainability-Linked Loan Principles]]
* [[Eiusdem generis]]
* [[Total Societal Impact]]
* [[Engagement letter]]
* [[Exemption clause]]
* [[Express term]]
* [[Fit for purpose]]
* [[Force majeure]]
* [[Foreign exchange forward contract]]
* [[Forward contract]]
* [[Forward forward contract]]
* [[Freight]]
* [[Frustration]]
* [[Futures contract]]
* [[IFRS 4]]
* [[Implied term]]
* [[Indemnity clause]]
* [[Insurance]]
* [[Invitation to treat]]
* [[Jurisdiction]]
* [[Law]]
* [[Lease]]
* [[Legislation]]
* [[Liquidated damages]]
* [[Loan agreement]]
* [[Long term contracts]]
* [[Memorandum of understanding]]
* [[Minor]]
* [[Misrepresentation]]
* [[My word is my bond]]
* [[Negligence]]
* [[Open contract netting]]
* [[Open interest]]
* [[Performance]]
* [[Performance risk]]
* [[Privity of contract]]
* [[Regime]]
* [[Regulation]]
* [[Repudiation]]
* [[Replacement contract netting]]
* [[Restrictive covenant]]
* [[Service agreement]]
* [[Smart contract]]
* [[Sweetheart deal]]
* [[Tax]]
* [[Tender to contract cover]]
* [[Tort]]
* [[Trade]]
* [[Void contract]]
* [[Voidable contract]]
* [[Warranty]]
* [[Zero hours contract]]


[[Category:Treasury_operations_infrastructure]]
[[Category:Corporate_finance]]
[[Category:Ethics]]

Latest revision as of 11:17, 23 April 2023

Corporate governance.

(CSR).

Corporate social responsibility is a form of corporate self-regulation integrated into a business model.

It includes the acceptance by commercial organisations that they have wider ranging and longer term responsibilities, beyond the short and medium term financial interests of financial stakeholders.


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:

  1. Adherence to existing laws and
  2. Acting in a way that is significantly better than the minimum standards required by law.


Corporate social responsibility is also sometimes known as corporate responsibility or corporate citizenship.


See also

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