[TYPE THE COMPANY NAME]
MRL2601 Assignment
2 Semester 2 Memo |
Due September 2025
NO PLAGIARISM
[Pick the date]
[Type the abstract of the document here. The abstract is typically a short summary of the contents of
the document. Type the abstract of the document here. The abstract is typically a short summary of
the contents of the document.]
, Exam (elaborations)
MRL2601 Assignment 2 Semester 2 Memo |
Due September 2025
Course
Entrepreneurial Law (MRL260)
Institution
University Of South Africa (Unisa)
Book
New Entrepreneurial Law
MRL2601 Assignment 2 Semester 2 Memo | Due September 2025. All
questions fully answered.
Question 1 Explain what the principle of corporate social responsibility
entails and provide examples of how this principle is reflected in the
Companies Act 71 of 2008. (10)
Explanation of Corporate Social Responsibility (CSR) and its Reflection in the
Companies Act 71 of 2008
The Principle of Corporate Social Responsibility
Corporate Social Responsibility (CSR) is a self-regulating business model that obliges
companies to be accountable to themselves, their stakeholders, and the public. It moves beyond
the traditional, narrow focus on profit maximization for shareholders and acknowledges that a
company is a "corporate citizen" with broader responsibilities to society and the environment.
The core principle of CSR is that businesses, in their pursuit of economic success, must also
consider their impact on social and environmental well-being. This is often framed as the "triple
bottom line" of economic, social, and environmental performance.
Key tenets of CSR include:
Ethical Conduct: Companies should operate with honesty and transparency, adhering to
high ethical standards in all their dealings.
Stakeholder Inclusivity: The company's responsibilities extend beyond shareholders to
include a wide range of stakeholders, such as employees, customers, suppliers, the
community, and the environment.
Sustainability: Businesses are expected to manage their operations in a way that
minimizes environmental harm and contributes to sustainable development. This can
involve reducing carbon footprints, managing waste, and conserving natural resources.
MRL2601 Assignment
2 Semester 2 Memo |
Due September 2025
NO PLAGIARISM
[Pick the date]
[Type the abstract of the document here. The abstract is typically a short summary of the contents of
the document. Type the abstract of the document here. The abstract is typically a short summary of
the contents of the document.]
, Exam (elaborations)
MRL2601 Assignment 2 Semester 2 Memo |
Due September 2025
Course
Entrepreneurial Law (MRL260)
Institution
University Of South Africa (Unisa)
Book
New Entrepreneurial Law
MRL2601 Assignment 2 Semester 2 Memo | Due September 2025. All
questions fully answered.
Question 1 Explain what the principle of corporate social responsibility
entails and provide examples of how this principle is reflected in the
Companies Act 71 of 2008. (10)
Explanation of Corporate Social Responsibility (CSR) and its Reflection in the
Companies Act 71 of 2008
The Principle of Corporate Social Responsibility
Corporate Social Responsibility (CSR) is a self-regulating business model that obliges
companies to be accountable to themselves, their stakeholders, and the public. It moves beyond
the traditional, narrow focus on profit maximization for shareholders and acknowledges that a
company is a "corporate citizen" with broader responsibilities to society and the environment.
The core principle of CSR is that businesses, in their pursuit of economic success, must also
consider their impact on social and environmental well-being. This is often framed as the "triple
bottom line" of economic, social, and environmental performance.
Key tenets of CSR include:
Ethical Conduct: Companies should operate with honesty and transparency, adhering to
high ethical standards in all their dealings.
Stakeholder Inclusivity: The company's responsibilities extend beyond shareholders to
include a wide range of stakeholders, such as employees, customers, suppliers, the
community, and the environment.
Sustainability: Businesses are expected to manage their operations in a way that
minimizes environmental harm and contributes to sustainable development. This can
involve reducing carbon footprints, managing waste, and conserving natural resources.
