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Corporate social responsibility and labor relations : Its impacts and implications

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Frame of Image ing the requests of shareholders, employees, consumers, and the local community, and internalizing such requests in all corporate activities as opposed to unilaterally communicating a message of the company’s choosing to stakeholders. Such a trend is already becoming universal. In fact, over 90% of Fortune 500 companies mentioned CSR in their annual reports in the late 1990s, whereas less than half mentioned CSR in 1977. Furthermore, international organizations including the UN, World Bank, and OECD have departments devoted to CSR (Lee, 2008). Internalizing social responsibility in corporate activities refers to companies holding themselves accountable for the high cost of corporate activities and profits that used to be externalized to society and, at the same time, playing a leading role in solving social issues as corporate citizens. Much controversy may exist as to why companies need to shoulder such a responsibility, but there is an increasing awareness that large companies have a greater influence over our daily lives than do most governments, leading to the norm of companies themselves achieving social responsibility through internal regulations. This norm is already widely shared and is a de facto regulatory environment for corporate activities. Some companies are already showing signs of being pressured to participate in CSR activities, but others are very active in executing their social responsibilities, to the extent of ordering others to do the same. They already


Full Text
Title Corporate social responsibility and labor relations
Similar Titles
Sub Title

Its impacts and implications

Material Type Reports
Author(English)

Lee, Changwon

Publisher

[Seoul]:KLI

Date 2013-11
Series Title; No e-Labor News / 139
Pages 22
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Social Development < Employment
Holding KLI; KDI School

User Note

This paper was presented at the 4th KLI–VVGNLI seminar, “Corporate Social Responsibility and Industrial
Relations,” organized by the Korea Labor Institute (KLI), in cooperation with the V.V. Giri National Labour Institute (VVGNLI), in Seoul, on August 22, 2013.