What do you understand by ‘Corporate Social Responsibility’? How can it help companies become more lucrative and coveted by employees?
Effectively safeguarding a constitution against amendments that could undermine fundamental rights requires a combination of legal, institutional, and societal measures: Strong Fundamental Principles: Ensure that fundamental rights are enshrined as core principles that cannot be amended easily or wiRead more
Effectively safeguarding a constitution against amendments that could undermine fundamental rights requires a combination of legal, institutional, and societal measures:
- Strong Fundamental Principles: Ensure that fundamental rights are enshrined as core principles that cannot be amended easily or without stringent procedures. This might include requiring a supermajority vote, a referendum, or judicial review to amend certain rights.
- Separation of Powers: Establish a robust system of checks and balances where the judiciary has the authority to review and strike down amendments that violate fundamental rights. This requires an independent judiciary that is capable of interpreting the constitution impartially.
- Public Awareness and Education: Foster a culture of constitutionalism where citizens understand and value their fundamental rights. Educated and engaged citizens are more likely to resist attempts to undermine constitutional rights through amendments.
- International Standards and Commitments: Align constitutional provisions with international human rights standards and treaties, which can provide additional protection and norms against retrogressive amendments.
- Political Consensus Building: Encourage broad political consensus on the importance of protecting fundamental rights. Political parties and leaders should prioritize the constitution’s integrity over short-term gains.
- Amendment Safeguards: Implement procedural safeguards such as requiring amendments to undergo rigorous scrutiny, public consultation, and possibly time delays to prevent hasty changes that could harm fundamental rights.
By implementing these measures, a constitution can be fortified against amendments aimed at undermining fundamental rights, ensuring its enduring protection and relevance in safeguarding democratic principles and individual liberties.
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CSR also known a ‘’Corporate Social Responsibility’’ is a form of business management which ensures corporate entities manage themselves for the benefits of their stakeholders and the public society at large. The economic function refers to engaging in activities that add value to the society and thRead more
CSR also known a ‘’Corporate Social Responsibility’’ is a form of business management which ensures corporate entities manage themselves for the benefits of their stakeholders and the public society at large. The economic function refers to engaging in activities that add value to the society and the environment and not the other way round.
How CSR can make companies more lucrative and coveted by employees:
1. Stronger Brand Reputation: CSR activities can specifically enhance the image of a company brand. It can unlock value because it creates a positive social impact towards customers, investors, and talented employees.
2. Customer Loyalty: Today, consumers are selecting products by its brands’ values. Because CSR can lead to customer loyalty, the various strategies to create it can result in increased sales.
3. Attraction and Retention of Talent: CSR commitment is a way through which organizations can attract talents because majority of the employees are inclined towardsjob opportunities in organizations that undertake some contribution to the wellbeing of the society.
4. Better Employee Morale: CSR governance can also point to culture, emotion, mind, and skill, which results in an improved morale, job satisfaction and employee turnover.
5. Risk Mitigation: When more firms begin to deal with social and environmental problems, they are going to reduce their chances of facing legal and or reputational consequences that can cause their downfall.
6. Innovation and Creativity: Innovativeness and creativity – It means that through CSR practices, workers are encouraged to be creative and present new ideas in helping solve some social issues.
7. Long-Term Sustainability: The significance of CSR is that a business entity can foster long term relations with stakeholders while managing risks.
The inclusion of CSR into the development framework of a firm makes the company to take a central role in creating an impact towards society without negating economic advancement and efficiency.
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