Whose Corporate Social Responsibility?

(iii) promoting regional cooperation in investment promotion and enterprise development, including public private partnerships in infrastructure development and the promotion of Corporate Social Responsibility

He welcomed the proposal for promoting a better understanding of international investment issues and noted the plan to facilitate and enhance positive corporate social contributions.

Mr. Michael Mortimore, Chief, Investment and Corporate Strategies, ECLAC, Santiago, Chile

With the growing importance of businesses as the principal agents of trade and investment, their role in demonstrating corporate social responsibility is only just beginning to emerge within the region.

Initiatives to promote corporate social responsibility should be voluntary.

Understanding the specificities of the social and economic conditions of host countries and addressing social and economic concerns was crucial for corporate investment strategies, not only from an ethical perspective but also, and more importantly so, from a long term business perspective, since the long term maximization of shareholder value included matters related to corporate economic responsibility.

Irish Association of Investment Managers (1999). Corporate Governance, Share Options and Other Incentive Scheme Guidelines.

Focusing on the legal dimension of corporate responsibilities in the field of economic development, he said that trends in investment arbitration case law suggested that certain corporate conduct obligations were inherent in the protective principles found in international investment agreements.

Programme Component D.6 SME Export Consortia and Corporate Social Responsibility

Programme Component D.6 SME Export Consortia and Corporate Social Responsibility 57

The publication Corporate Social Responsibility and the Development Agenda Should SMEs Care?

Civil society and corporate sector, which would contribute to the initiative, ruled by principles of corporate responsibility and social, cultural, environmental and technical sustainability.

Positive corporate contributions to the economic and social development of host developing countries

Positive corporate contributions to the economic and social development of host developing countries

In the ensuing discussion, questions were raised regarding the precise definitions of general terms such as corporate responsibility , corporate social responsibility and positive corporate contribution , and regarding the notion of a corporate responsibility for development, as well as UNCTAD's mandate in this regard.

Perhaps the most promising reform is corporate tax reduction, which will help Japan boost both foreign and domestic investment. By spurring increased business activity, it will actually increase Japan s corporate tax revenue.

Item 3. Positive corporate contributions to the economic and social development of host developing countries

Issues that could be addressed in this connection concern further corporate involvement in overcoming information market failures with regard to investment and business opportunities in developing countries and corporate participation in risk mitigation schemes.

Expert Meeting on Positive Corporate Contributions to the Economic and Social Development of Host Developing Countries

Expert Meeting on Positive Corporate Contributions to the Economic and Social Development of Host Developing Countries

And they made the social investment. They got away malaria.

Such investment will greatly facilitate social, environmental and economic linkages.

Corporate social responsibility for development by TNCs in Africa, which entailed maximizing TNCs for the economic and social development of host States, was imperative.

Microeconomic factors for investment site selection included the corporate tax structure, trade and customs regimes, the labour market situation and financial infrastructure.

The European Union welcomed the ongoing international debate on corporate social responsibility, business ethics, accountability and transparency.

Why would two women who were enjoying successful careers in investment banking in the corporate sector leave to found a financial services firm?

What is holding back investment (both in the United States and Europe) is lack of demand, not high taxes. Indeed, given that most investment is financed by debt, and that interest payments are tax deductible, the level of corporate taxation has little effect on investment.

IFPMA and its member organisations (as well as individual corporations) do carry out Corporate Social Responsibility (CSR) activities.

Investment in health is also vital for social integration public health policy can directly influence social development, combat poverty and reduce social exclusion.

Companies that try to seize all investment opportunities that come along may not achieve synergies or improve their chances of meeting overall corporate objectives.

Instead of cutting proven tax incentives for business investment, the US should offset at least some of the revenue losses from a lower corporate tax rate by raising tax rates on corporate shareholders. Most countries that reduced their corporate tax rates have followed this path, while the US has done the opposite.

report of the expert meeting on positive corporate contributions to the economic and social development of host developing countries

All these elements of work combined provided a balanced and holistic approach to investment and development, including on the issue of corporate contributions to development.

The various themes of the framework included trade policy, competition policy, investment policy, tax policy, corporate governance, public governance, infrastructure development and human resources development.

America has expanded its corporate safety net in unprecedented ways, from commercial banks to investment banks, then to insurance, and now to automobiles, with no end in sight. In truth, this is not socialism, but an extension of long standing corporate welfarism.

And I found it fascinating that the social responsibility team was not formed as part of some grand corporate strategy.

The panellist from the UN Research Institute for Social Development reflected on the institutional and policy dimensions of corporate responsibility.

The importance of ensuring corporate social responsibility and accountability, including with regard to the rights of workers, was also stressed.

To engage in a pro active dialogue on matters related to corporate developmental responsibility and good corporate governance of Transnational Corporations, which entails maximizing their contribution to the economic and social development of host developing countries.

He emphasized the general principle prohibiting unconscionable corporate behaviour and two economic responsibilities (a) to assess the risk of an investment properly and with due diligence, and (b) to conduct the investment with reasonable care in accordance with sound business principles.

Pointing to the example of the ILO Tripartite Declaration, he emphasized the need to look also at qualitative aspects of corporate contributions, including matters related to social protection, social dialogue and the business impact on social institutions.

At the same time, the effective corporate tax rate in Japan is higher than it is elsewhere, making it difficult for Japan to attract investment, foreign or domestic. In order to survive international tax competition and thus be able to rely on corporate taxes as a source of revenue Japan s corporate tax rate should be lowered in the long run.

Savings must be channeled to firms that need capital for innovation and sustainable job creation. Today, however, the quality of corporate governance frameworks worldwide is challenged by the growing complexity of investment chains and the dominance of passive and short term investment strategies.

Grundsatzkommission Corporate Governance (German Panel for Corporate Governance) (2000). Corporate Governance Rules for German Quoted Companies.