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Corporate Governance

The Heart of Corporate Social Responsibility

Peter Challis; Laura Challis - Personal Name;

The difference between Corporate Social Responsibility (CSR) and Corporate Responsibility (CR) is the word “social” that makes it clear that CSR is about the relationship between corporations and society. Social also means a desire to support companionship and community and most people would see it including social justice. CSR is an issue because so many businesses put the objectives of a super-rich elite before the needs of the people the business affects. The 2007 financial crisis produced much public anger at the operation of the free market. Neo-liberals support the free market but present this as being experts in business and economic growth. They brand charities that raise CSR issues as “anti-business” (Allen and Mason, 2014). Neo-liberals think that business is separate from society (Department for Business Innovation and Skill 2010 p. 3) as Corporate Responsibility “creates shared value for business and society”. The “social” in CSR needs to be understood so that the reality of the neo-liberal mutation of CR can be appreciated.
“Social” does not mean socialism where the ownership of the means of production would be in public not private hands. This is the false argument of neo-liberals. The real argument is about who runs Britain, its people or an elite who stay in power through deception and fear. The money of business supports the political elite who share the ideology of New Capitalism that makes them richer at the expense of the majority. Anti-social management share the ideology of managerialism that treats human beings as resources to make money for managers and investors. This textbook seeks to provide the academic foundation for those who want to be able to separate fact and academic theory from deception and ideology. In doing so, the “social” which is at the heart of CSR is explained.
Neo-liberalism is not wrong. It is one opinion of what society should become. From an academic basis, it is the deception of neo-liberalism that extends right into the education system that must be criticised. Neo-liberalism opposes criticism of its beliefs and seeks to take away the power of charities and other institutions that criticise it. Its sister ideologies of managerialism and New Capitalism has changed management practice so that managers and bankers not subject to professional ethics can bully professionals in ethical professions. If Education is not to be brainwashing to support the ideology of political leaders, then students must be critical of everything they are told. Being critical is about learning. It should lead to challenge of those in power because these leaders may not reflect the will of society.


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English
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978-87-403-0755-9
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Statement of Responsibility
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Accra Metropolitan University
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Accra Metropolitan University is a forward-thinking, private higher education institution in Ghana dedicated to empowering minds and shaping futures for sustainable global development. Fully accredited by the Ghana Tertiary Education Commission (GTEC), the university is built on the core pillars of LIFE: Leadership, Innovation, Flexibility, and Entrepreneurship.

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