The World Business Council for
Sustainable Development defines Corporate Social Responsibility as the
continuing commitment by business to behave ethically and contribute to
economic development while improving the quality of life of the work force and
their families as well as the local community and the society at large. It is
also called corporate conscience, corporate citizenship, company’s sense of
responsibility. Please note that there is a difference between charity (sense
of helping someone) and corporate social responsibility (something done as part
of the ethics of business).
Measures to Enhance Good Corporate Social
Responsibility
By this we mean Corporate Social Responsibility obligations.
Corporate Social Responsibility framework in Nigeria will require
companies/corporations to:
1)
Contribute to economic,
social and environmental progress with a view to achieving sustainable
development of affected communities.
2) Respect the human rights of those affected by their
activities in keeping with Nigeria’s international obligations and commitments.
3) Encourage local capacity through close co-operation
with local community, including local business interests, as well as developing
appropriate linkage lines of their corporate activities to the benefit of the
communities.
4) Develop and apply effective self-regulatory practices
and management systems that foster a relationship of confidence and mutual
trust btw enterprises and societies in which they operate.
5) Support and uphold good governance principles and
practice.
6) Abstain from any improper involvement in local
political activities.