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Article
Social Responsibility, Corporate Constituency Statutes, and the Social Benefit Corporation
International Journal of Management and Administrative Sciences
  • Frank J. Cavico, Nova Southeastern University
  • Bahaudin G. Mujtaba, Nova Southeastern University
ORCID

Frank J. Cavico0000-0002-6258-2136

,

Bahaudin Mujtaba0000-0003-1615-3100

Document Type
Article
Publication Date
1-1-2012
Abstract/Excerpt

Company owners, shareholders, and investors expect a positive return on their investments. However, business is further expected to achieve this economic value in conformity with the social norms in the community. That is, business must act in a profitable, legal, and moral manner and also to do so in a socially responsible manner. As such, above and beyond the responsibility to act legally and morally in the pursuit of profit is the notion of social responsibility, which typically today in a business context is called “corporate social responsibility” (CSR). This article discusses the concepts of social responsibility, corporation constituency statutes, and the social benefit corporation in a modern-day global business environment. Suggestions and recommendations for managers and organizations are provided.

Comments
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Citation Information
Frank J. Cavico and Bahaudin G. Mujtaba. "Social Responsibility, Corporate Constituency Statutes, and the Social Benefit Corporation" International Journal of Management and Administrative Sciences Vol. 1 Iss. 7 (2012) p. 21 - 25 ISSN: 2225-7225
Available at: http://works.bepress.com/frank-cavico/98/