SELF-REGULATION OF CORPORATE SOCIAL RESPONSIBILITY. THE STAKEHOLDERS AND THE INFLUENCE OF EDUCATION
EAE Business School (SPAIN)
About this paper:
Conference name: 13th International Conference on Education and New Learning Technologies
Dates: 5-6 July, 2021
Location: Online Conference
Abstract:Today, large corporations understand that carrying out activities and making decisions that consider the inclusion of business actions must be aligned with ethical behavior and with the principles of corporate social responsibility (CSR). Additionally, there is great interest on the part of society and a high expectation that companies proceed on the basis of a series of behaviors that respect all those organizations or individuals, such as customers, employees, the environment, shareholders and the community, who are directly or indirectly affected by the development of company activities.
This paper takes into account the relationship of social responsibility within the education sector and the impact that educational institutions can have on interactions with the community, as the main basis of the social and economic development of any country, so that true equal opportunities for all situations exist, promoting competitiveness and encouraging dynamism within all economic and social sectors.
In this way, companies seek to implement their CSR policies through a series of internally drafted instruments, such as codes of conduct and good business practices, which share the essence of voluntariness. While some academic positions defend self-regulation and consider that CSR decisions should be made exclusively within the private and business spheres, others believe that the regulation and application of certain government public policies is better because in this way, the government can initiate and shape a legal framework that encourages companies to adopt certain types of behavior.
Keywords: Self-regulation, corporate social responsibility, stakeholder, education sector.