MRL2601
Assignment 2
Semester 2 Memo |
Due September 2025
NO PLAGIARISM
[Pick the date]
[Type the company name]
, Exam (elaborations)
MRL2601 Assignment 2 Semester 2 | Due September
2025
Course
• Entrepreneurial Law (MRL260)
• Institution
• University Of South Africa (Unisa)
• Book
• New Entrepreneurial Law
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)
The principle of Corporate Social Responsibility (CSR) entails a business model where
companies commit to operating in ways that enhance society and the environment, beyond their
primary objective of maximizing profits. It's about a company being accountable to its
stakeholders and the public for its impact on economic, social, and environmental issues.
Key aspects of the principle of CSR include:
• Beyond Legal Compliance: CSR goes beyond merely adhering to laws and regulations.
It involves voluntarily adopting ethical, sustainable, and responsible business practices.
• Stakeholder Focus: Companies consider the interests and well-being of a wide range of
stakeholders, not just shareholders. These stakeholders include employees, customers,
suppliers, the community, and the environment.
• Triple Bottom Line: Many CSR initiatives are guided by the "triple bottom line"
concept, which emphasizes that a company's success should be measured not only by its
financial profit but also by its social and environmental impact ("People, Planet, Profit").
• Types of CSR: CSR generally encompasses four main categories:
o Environmental Responsibility: Minimizing environmental impact (e.g.,
reducing pollution, conserving resources, promoting renewable energy,
sustainable sourcing).
o Ethical Responsibility: Ensuring fair and ethical conduct in all business
operations, including fair wages, safe working conditions, transparent supply
chains, and anti-corruption measures.
o Philanthropic Responsibility: Contributing to society through donations,
charitable programs, community development initiatives, and supporting social
causes.
Assignment 2
Semester 2 Memo |
Due September 2025
NO PLAGIARISM
[Pick the date]
[Type the company name]
, Exam (elaborations)
MRL2601 Assignment 2 Semester 2 | Due September
2025
Course
• Entrepreneurial Law (MRL260)
• Institution
• University Of South Africa (Unisa)
• Book
• New Entrepreneurial Law
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)
The principle of Corporate Social Responsibility (CSR) entails a business model where
companies commit to operating in ways that enhance society and the environment, beyond their
primary objective of maximizing profits. It's about a company being accountable to its
stakeholders and the public for its impact on economic, social, and environmental issues.
Key aspects of the principle of CSR include:
• Beyond Legal Compliance: CSR goes beyond merely adhering to laws and regulations.
It involves voluntarily adopting ethical, sustainable, and responsible business practices.
• Stakeholder Focus: Companies consider the interests and well-being of a wide range of
stakeholders, not just shareholders. These stakeholders include employees, customers,
suppliers, the community, and the environment.
• Triple Bottom Line: Many CSR initiatives are guided by the "triple bottom line"
concept, which emphasizes that a company's success should be measured not only by its
financial profit but also by its social and environmental impact ("People, Planet, Profit").
• Types of CSR: CSR generally encompasses four main categories:
o Environmental Responsibility: Minimizing environmental impact (e.g.,
reducing pollution, conserving resources, promoting renewable energy,
sustainable sourcing).
o Ethical Responsibility: Ensuring fair and ethical conduct in all business
operations, including fair wages, safe working conditions, transparent supply
chains, and anti-corruption measures.
o Philanthropic Responsibility: Contributing to society through donations,
charitable programs, community development initiatives, and supporting social
causes.
