Corporate Social Responsibility In MalaysiaEssay Preview: Corporate Social Responsibility In MalaysiaReport this essayINTRODUCTIONWhat is corporate social responsibility? Its also known as social responsibility. Corporate social responsibility (CSR) is when a company or an organization striking a balance between profitability and our contributions to the communities in which they operate and being obligated to meet the expectations of stakeholders, who are the sources of the legitimacy of the organization. The stakeholders include the owners, investors, employees, customers, government, suppliers, competitors and the community.
Meaning of being responsible that organizations are accountable to the stakeholders and the environment. While providing quality goods and services to consumers, organizations also expected to care and concern of the consumers needs. It is to make sure the safety of products as well as preventing damages to environment and society socio-moral sphere. By being socially responsible does not mean that they can not dealing business and utilize their economic resources to the fullest. They still can make profits and gain stable financial and prosperity. With CSR, business is expected to contribute to society welfare by giving financial support and also getting involved in the social programmes. It shows the moral support from the organizations.
The CSR will continue to continue to focus on the main points of the development, but in the areas of education, industry promotion, health and education. CSR aims to be more effective and have improved quality of life and make better investments in health and education.
At the same time, CSR, along with related initiatives, will have to develop new forms of investment for the industries. With investments, investments will be for business to improve its own ability to improve the environment, and in particular its ability to pay rent on the properties. With the investment, industry will learn more about the problem and solutions and the business will be able to act more cooperatively.
While the sector has more to offer and will be taking the top management position in both government and corporate administration, it is clear that the sector has a lot of problems. Because of the lack of progress in the economic sector, the top leadership in each government agency, they have to be more aware of the needs of the country at large. This is especially the case for the sector’s big spenders in government, corporate offices, financial services agencies and other agencies. With increasing spending to the private sector, companies are getting more and more involved in the sector as well, which is another problem.
Also see CSR’s Budget 2015.
There are many people who have questioned the government’s decision not to introduce a bill that gives the government tax concessions. They believe that government should take such measures, especially in the wake of the massive economic boom that preceded the crisis. They say that if there are tax loopholes that are open there is much to be achieved in the sector and it is no longer because the government has given up on the job to bring about economic growth. In particular, some of this is because the government has invested in big companies. This should give the government a better understanding of the sector and its need to be better governed. Therefore, this is a good way to address the problems experienced in our nation.
If there was a question of transparency, such as the law that has gone into effect with the 2014 elections, would we have a bill that shows a government can control a certain amount of tax? It is the only way yet to do it without using a new law. Instead, we need to introduce a bill that shows transparency and transparency of how the government tax its industries.
In an effort to ensure that this bill works, the government should present a law that gives these industries a certain portion of the tax concessions. Even allowing for these types of tax exemptions, the bill will not get any additional spending. In fact, the Bill will not even get a single piece in the existing law and the last piece of it will be a new system so that we understand what companies pay.
What are the main issues facing the world economy today?
Our business and culture is already at an extreme edge. It is becoming more and more aware of the fact that our country’s economy is being dominated by people against those who are struggling to get out
Through this group project we will see and study the CSR in Malaysia. How well its contributes to the stakeholders, how its being done and how much the organizations awareness of CSR. We have made a survey through internet mostly to understand and get the information on this topic.
ANALYZATION OF CSR IN MALAYSIAAfter doing some researches and studies, we realize that most of the organizations and corporations in Malaysia do have a high awareness of CSR. We have categorized most of the CSR that usually been made in Malaysia by both national and foreign corporations. The corporations involved in being responsible on education, environment and children and society. We will go through into this more specifically.
Even there is so many establish corporations, we only focus on three corporations that are Shell, Maxis and McDonalds. It is because this organizations do made so many CSR and have a high standard of CSR.
CSR has been an important principle for most big, multinational organizations. It is because they need a good image and reputation to make a good business. It is a good will to be responsible to the society and earn the respect they deserve if they act with honest and integrity in doing business. For Shell it is a paramount to up-hold its reputation and good image. In business, a corporation will be judged on how they act on certain issues.
Maintaining shareholders, employees, customers and other people whom we dealing business for their trust and confidence, as well as communities in we operates is important for business to growth, success and survive. We need to merit this trust by conducting ourselves according to the standards set in our organization principles.
EDUCATIONLot of corporations do involve in education social responsibility. It might be because it helped many potential students especially university student and they can manage and supervise it themselves. Education also the one of the important thing in preparing the young generation to step in and take over the responsible after the older retired. Education will determine the how a person react and behave in any situation. Types of CSR on education are:
ScholarshipThis kind of CSR did give chance to poor students and those needy to get same education and use their talent, ability and intellectual for good.Scholarship usually offer annually and candidate need to applied for it.Scholarship was given to bright and successful student to further their study in their favourite course weather local or abroad. It will cover tuition fees, books allowance and allowance for food and accommodation.
Shell believes that training and learning help people develop their full potential and contribute it to society.Maxis also do think that by giving scholarship to student they had contributed to the society and fulfil their social responsibility.In 2000, 129 new Shell scholarships were awarded and these include courses other than the traditional technical and science courses.Training and developmentSocial development programmes also include personal growth and development of the staff and those outside organization.Many organizations provide a training programme to university student to do their training or practical at their place.This training programme duration depend on the time required by the university and even some organizations give allowance to the trainee.Shell will work with Curtin University of Technology, Sarawak for the purpose of training and development and formal accreditation for the courses run by Shell for the staff.
Curtin has long been the target of Shell’s corporate culture campaigns – and in 2001 Shell applied for CETA as well being the first to hold a corporate citizenship program.As such Shell is well renowned globally for using its sponsorship to build social transformation, and Shell is an advocate of environmental, economic and social benefits.As corporate culture is a core of corporate culture, Shell is also keen to promote sustainability.Shell encourages its employees to engage in activities that empower them to become stronger, and that promote the good works- for the group. Shell is committed to continuing to strengthen the positive aspects of our culture, and in particular working closely with local health centers to ensure the health of their employees by enhancing nutrition and nutritional supplements.Shell is also committed to bringing about a ‘world-wide sustainable growth’ in our industry.With Shell’s success Shell, along with its partners Shell Capital and Shell Capital Partners, has continued its partnership development and public and private partnerships to promote the positive aspects of our industry.As a long-standing ally of Shell in the development of business and sustainability Shell investments in Shell and Shell Capital Capital also promote the positive aspects of our culture.Shell aims to build global and sustainable growth through a culture of business, as well as a shared vision of a sustainable, well-functioning economy.Shell has invested heavily in environmental projects such as the Sarawak Carbon Footprint Reduction Project, Global Footprint Reduction projects, International Union of Industrial and Commercial Organizations (IBOE), and a Sustainable Business environment in its headquarters in Sarawak.Curtin University does encourage Shell to provide opportunities for alumni to contribute to Shell’s Corporate Culture program. CETA, CETA’s second global campaign and Corporate Culture events have been held at Shell every year since 2003.-
What do you think of Shell?