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Fig. 4 | International Journal of Corporate Social Responsibility

Fig. 4

From: Corporate social responsibility and accountability: a new theoretical foundation for regulating CSR

Fig. 4

A Framework for CSR Regulation. The figure presents a new framework for CSR regulation by a. identifying the boundaries of CSR as those moral responsibilities that are intertwined with the legal responsibilities associated with the discharge of primary functions by a firm. Such legal responsibilities are defined here to include economic responsibilities such as pursuit of profit. b. demonstrating that accountability is connected with such CSR that arises in the form of business relation and impact relation as developed in the paper c. requiring regulation to ensure that such CSR is mandatorily discharged

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