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Corporate Responsibility
For many years, corporate social responsibility was a secondary consideration as companies formulated their business strategies. While there were exceptions, most companies existed to turn a profit and paid minimal attention to their impact on society. Though government attempted to regulate corporate behavior and safeguard the public interest, organizations typically did not have to exercise social and financial responsibility. These days, however, companies have to behave ethically and within the law.
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New Ball Game
In the wake of several significant corporate scandals over the last decade or so, companies have come under greater public scrutiny. Shareholders and consumers demand more accountability and have little tolerance for those who breach ethical boundaries. An increased awareness of environmental issues has in many cases motivated companies to be more ecologically conscious and sensitive to their impact on the environment.
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