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INTRODUCTION
Business as it is said, is a product of environment. The
nature
of
business,
manufactured,
the
location,
size,
the
product
of
operation,
volume
to
etc
be
is
Busine
Internal
Environme
nt
ss
Decisio
External
Environm
ent
organization
are
shareholders,
workers,
responsibility
towards
The
all
these
management
groups.
owes
Therefore,
Shareholders:
The first responsibility of the management is to protect the
interest of shareholders. The interests of majority of
shareholders
and
large
minority
of
shareholders
are
Workers:
Workers have direct interest in an organization because by
working there, they satisfy their needs. Thus, it is the
managements responsibility to protect the interest of
workers in the organization. This can be done by the
management in the following ways:
Customers:
Management owes a primary obligation to give a fair deal to
the customers. This can be done in the following ways:
Management
should
not
indulge
in
profiteering,
business
relationship
between
different
businesses.
but
these
controls
are
meant
for
overall
Society:
Organizations exist within a social system and get facilities
from the system. Therefore, they owe obligations to the
society as a whole. This can be done by:
business
should
be
concerned
about
social
practitioners.
counterarguments
There
in
have
favour
of
been
and
arguments
against
and
social
responsibility of business.
4. Lack of Accountability:
Another point of view is that business has not direct
accountability towards the people, so it is unwise to give the
businessman
the
responsibility
for
areas
he
is
not
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the
economic
perspective,
he
asserted
that
if
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with
satisfactory
profit.
Today,
business
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the
responsibilities
of
business
can
be
represented as follows:
Economic
Concern
Mutual
Concern
Social
Concern
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Banking
division
provides
corporate
and
and
risk
management,
capital
raising,
and
corporate finance.
Islamic Banking
Standard Chartered Saadiq's dedicated Islamic Banking
team
provides
comprehensive
international
banking
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values
lie
diversity
and
inclusion.
They
are
in
their
aim
to
become
the
world's
best
international bank.
WHAT SCB STAND FOR:
Strategic Intent
The world's best international bank
Leading the way in Asia, Africa and the Middle East
BRAND PROMISE
Leading by Example to be The Right Partner
VALUES
16
17
distinctive
investment
delivering
outstanding
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most
international
banks,
with
employees
strength
and
weakness
in the
area
of
effectiveness
of
both
its
internal
and
external
communication.
SCB like most of the leading organizers sees Corporate
Responsibility as an opportunity to make its brand stand
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established
governance
structure
for
Corporate
Responsibility
Raised
awareness,
internally
and
externally,
of
its
20
21
has
helped
to
educate
people
about
Chartered
had
organized
an
International
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children
exposure
and
empowerment
Ashray Centre:
In continuing the Bank's pledge for providing support to
HIV affected people Standard Chartered India has recently
supported the children of Ashray Centre.
Ashray centre is a local NGO which provides residential
shelter for children of 0-12 years affected and infected by
HIV /AIDS. A total of 60 children are currently housed at the
centre. The Standard Chartered Branch staff donated
generously for the mission along with money that was
available out of selling old newspapers. School bags,
notebooks and pencil were donated to each child.
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education
and
awareness activities
were also
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Prem Dan
Prem Dan, a charity run by Sister Felicity Morris in
Mumbai, has three learning centers for children forced into
living on the streets.
Standard
Chartered
Bank
has
committed
an
annual
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with
bridge
courses
and
computer-assisted
learning centre.
Standard Chartered is the largest donor and supporter of
the Balwadi programme and the bank is now exploring the
possibility
of
taking
on
the
role
of
the
'Leading
contributions,
with
the
Bank
donating
old
its
Seeing
is
Believing
campaign,
Standard
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vary
from
simple
corrective
surgeries
to
CONCLUSION
The concept of corporate social responsibility is not new in
India. Right from the pre-independence times, the Gandhian
model has been in practice. Many family owned businesses
continue to engage in philanthropic activities. However with
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the
stakeholder model
is
gaining
more
Companies
must
focus
on
their
prime
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BIBLIOGRAPHY
BOOKS:
Principles and Practice of Management
Business environment - Francis Cherunilam
Essentials of Business Environment - K. Aswathappa
WEBLIOGRAPHY:
www.infochangeindia.org
http://www.standardchartered.com/corporateresponsibility/i
ndex.html
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