Corporate social responsibility in UAE politics essay
Corporate social responsibility, or CSR, refers to the belief that companies have an obligation to society that goes beyond their obligations to their shareholders or investors. In addition to generating profits, companies are expected to have some responsibility to stakeholders such as employees, customers, communities and the community. Companies in the UAE must improve CSR to compete with the practices that have become the CSR norm in Western countries, and all organizations, both local and multinational, must take into account environmental and stakeholder interests to become global . Corporate Social Responsibility CSR is a Western concept that is compelling. It offers incentives to UAE companies that support and contribute to CSR practices in the UAE. Launch the Federal Fund for Social Responsibility, a new body that will be managed under the authority of the Ministry of Economy. Imposing sanctions on the fund to encourage a culture of social responsibility among UAE companies and CSR within the UAE legal framework. The United Arab Emirates and UAE state is making steady progress in developing its legal infrastructure to encourage companies to play an active role in addressing economic and social issues. Given the large amount of money companies spend on corporate political activities and the growing societal demand for PSD, companies have a fiduciary responsibility to disclose this information to demonstrate their responsibility to the public Richter, 2014. In addition to fiduciary responsibilities, researchers have also The main achievements of political CSR science in the field of corporate social responsibility are the identification of gaps in global governance and a proposal to address them. Political CSR science assumes that the traditional roles of the state and business have eroded, with states losing power and business gaining power. SAM Advanced Management Journal, Vol. 72, p. Josh 1993 Welcome to well-regulated Dubai. The Middle East, Vol. 16, pp. Abdelsamad 2006 Ports and politics, introduction to political corporate social responsibility. The PCSR debate generally argues that the era of globalization has changed the classical understanding of relations between business and society, and proposes a revision of the role of business in a global society Scherer en, 2011 The mainstream CSR debates are criticized, II. The concept of corporate social responsibility. The concept of CSR began to evolve when the role of corporate directors was perceived. as beyond the limited interest of.