Compliance with ______ goes to the heart of the CSR debate because it largely dictates the degree to which a firm is accepted by society.
A)government regulations
B)stakeholder expectations
C)voluntary codes
D)UN standards

Question

Quizplus · Accepted Answer

Compliance with stakeholder expectations is important because it reflects how well a company is meeting the needs and demands of the various groups that are impacted by its actions. These stakeholders can include customers, employees, suppliers, local communities, and others. Firms that fail to meet these expectations may be seen as irresponsible or unethical, which can lead to negative publicity, protests, boycotts, and other forms of social and political pressure. Therefore, meeting stakeholder expectations is often seen as a key aspect of corporate social responsibility.

Compliance with ______ Goes to the Heart of the CSR