Corporate Social Responsibility Essay

7780 Words32 Pages
Corporate Social Responsibility, the Role of Stakeholders and Sustainable Development “A Case Study of Pakistan” By Muhammad Asif Paryani ACMA, L.L.B, L.L.M Chairman Corporate Law Reform Committee (Karachi Branch Council) Institute of Cost & Management Accountants of Pakistan, Deputy Director (Enforcement Wing) SCD – Supervision Department Securities & Exchange Commission of Pakistan 5th Floor, State Life Bldg # 2, Wallace Road, off I.I Chandigarh Road, Karachi, Pakistan Ph : +92-21-32413514 Cell: +92-333-3755278 Email: asif.paryani@secp.gov.pk asif.paryani@gmail.com -1- Corporate Social Responsibility, the Role of Stakeholders and Sustainable Development “A Case Study of Pakistan” Abstract The Country Pakistan is chosen as a case study on the topic” Corporate Social Responsibility (CSR), the Role of Stakeholders and Sustainable Development” because of the unique nature, social & environmental challenges facing by the corporate sector of Pakistan. This study is aimed to provide understanding of CSR and the status of existence, implementation and utilization of CSR in the corporate sector of Pakistan along with the details of long term financial success associated with CSR. This paper also focused on the environmental and social externalities affecting the socio economic and financial success and point out the difficulties for best implementation of CSR Activities in Pakistan. What should be the objective of the corporate sector was also discussed before giving suggestions and conclusion. -2- 1. Introduction Corporate Social Responsibility (CSR) is a way towards responsible competitive environment; it provides that, social behavior of businesses is the parameters for success. CSR movement all over the world had been to many phases and faces after its orientation in the corporate world with a history of over 100 years in the developed
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