Corporate social responsibility: the analysis of the social and ethics committee in terms of the Companies Act 71 of 2008
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Date
2024
Authors
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Journal ISSN
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Publisher
University of the Western Cape
Abstract
Companies in South Africa are beginning to recognise the critical connections between corporate activity and socio-economic growth. It is undeniable how important it is for businesses to use corporate social responsibility (hereinafter referred to as ‘CSR') programmes to give back to the community in South Africa. The stressed relationship that companies have with society and the environment in today's interconnected world highlights urgent problems like social inequality, environmental degradation and economic disparity. The situation becomes more severe when the company's decisions or activities lead to the possibility of personal liability for its directors and shareholders. In such settings, CSR becomes a crucial instrument for promoting sustainable solutions and balancing these dynamics for the benefit of companies and for the communities they serve.
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Keywords
Company, Corporate Citizenship, Corporate Governance, Corporate Social Investment, Social and Ethics Committee
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