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Part of the book series: CSR, Sustainability, Ethics & Governance ((CSEG))

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Abstract

Corporate Social Responsibility (CSR) generally refers to social and ethical responsibilities that corporations should perform in their business activities beyond legal requirements. The term CSR is widely recognised and accepted currently across the global corporate world as a social and ethical dimension of business. As a concept it is ‘a talk of the town in corporate circles these days’. Its main aim is to make the business socially responsible and thus engaging business enterprises into the processes of sustainable development.

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Notes

  1. 1.

    A. Mess and J Bohman, ‘Corporate Social Responsibility Belongs with HR’ (2004) 17:7 Canadian HR Reporter (A National Journal of Human Resource Management) 11.

  2. 2.

    By non-tariff barrier is meant the trade barriers that restrict imports but are not in the usual form of tariff. There are many types of non-tariff barriers some of which may be in the form of product standards, technical regulations, conditions for marketisations of the products, occupational safety and health regulation, employment and environmental regulations. The compliance with the social requirements of importing companies cover all these types of trade-barriers. The failure in compliance causes the loss of trade contract, boycott or threat to boycott from the counterpart companies. This occurred to the shrimp product of Bangladesh in 1997.

  3. 3.

    See Wendy Chapple and Jeremy Moon, ‘Corporate Social Responsibility in Asia: A Seven-Country Study of CSR Web Site Reporting’ (2005) 44:4 Business and Society 415–441.

  4. 4.

    For example, according to Bangladesh Bank Report from 1998 to 2007 FDI inflows in Bangladesh are 46 % for infrastructural development (i.e., gas, oil, power and telecommunications); 27 % for manufacturing sectors (i.e., textile, fertilizer, cement, chemicals and pharmaceuticals); 27 % for services such as trade and commerce.

  5. 5.

    For example, the export earnings during 2005–2006 are US$ 10526 million which is 16.03 % of the GDF of that time; see Export Promotion Bureau of Bangladesh, Bangladesh Export Statistics (2005-2006) http://www.epb.gov.bd/Statistics2005-06html 5 December 2008.

  6. 6.

    Attaur Rahman Belal, ‘Stakeholders’ perceptions of CSR in Bangladesh’ (Paper presented at CSR in Asia Conference , Kuala Lumpur, April 2006 and at Eighth Interdisciplinary Perspective on Accounting Conference, Cardiff, July 2006) 8.

  7. 7.

    Abdul Khaleque, ‘Transparency, Corporate Corruption and Anti-Corruption Commission, The Daily Star (Dhaka, Bangladesh), 18 July 2005 http://www.thedailystar.net/-44k 25 October 2008.

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© 2014 Springer International Publishing Switzerland

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Nasrullah, N.M., Rahim, M.M. (2014). Introduction. In: CSR in Private Enterprises in Developing Countries. CSR, Sustainability, Ethics & Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-02350-2_1

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