Practices 7.3 and 7.4:
Practice 7.3
The social role of business has been predominated by the concept of corporate citizenship, which currently has several notions.
Corporate citizenship has two conventional views:
Limited view – corporate citizenship is “strategic philanthropy;” undertaking ethical, economic and legal responsibilities are done with self-interests in mind
Equivalent view – corporate citizenship is “corporate social responsibility;” undertaking ethical, economic and legal responsibilities are not presupposed with self-interests
Matten and Crane (2005) emphasized the need to introduce a “theoretically informed definition” of corporate citizenship, one that is not limited within the two conventional views, ...