In contrast to the alleged immorality of altruistic corporate social responsibility (CSR), critics argue that strategic CSR is ethically commendable since these initiatives benefit stakeholders while meeting fiduciary obligations to the company's shareholders.

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The statement is stating that strategic CSR is seen as ethically commendable because it benefits stakeholders and fulfills the company's obligations to shareholders, which means that it is viewed as a way to balance both stakeholders' interests and the company's financial goals.

In Contrast to the Alleged Immorality of Altruistic Corporate Social