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Philanthropy yet regulatory!Implementation of CSR through legislation: The Malaysian Companies Act 1965 perspectives

The nature of corporate social responsibility (CSR) is always regarded by companies as philanthropy. As such, many companies choose to ignore CSR by giving many excuses such as “limited fund, not enough profit, still a small business or CSR is only for public listed companies/conglomerates”. For...

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Main Authors: Abd Ghadas, Zuhairah Ariff, Hassan, Halyani
Format: Conference or Workshop Item
Language:English
English
Published: 2008
Subjects:
K Law (General)
KPG Malaysia
Online Access:http://irep.iium.edu.my/65196/1/CSR%20through%20Legislation..pdf
http://irep.iium.edu.my/65196/2/Document%206.pdf
http://irep.iium.edu.my/65196/
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spelling my.iium.irep.651962018-09-13T07:18:22Z http://irep.iium.edu.my/65196/ Philanthropy yet regulatory!Implementation of CSR through legislation: The Malaysian Companies Act 1965 perspectives Abd Ghadas, Zuhairah Ariff Hassan, Halyani K Law (General) KPG Malaysia The nature of corporate social responsibility (CSR) is always regarded by companies as philanthropy. As such, many companies choose to ignore CSR by giving many excuses such as “limited fund, not enough profit, still a small business or CSR is only for public listed companies/conglomerates”. For the big companies, CSR is included in their business plan because good will and high reputation are important for the business. However, for small and medium sizes companies, CSR may not be regarded as important as it is often treated as a “welfare issue”. This is where the concern arise; many issues which CSR try to resolve are acts related to small medium sizes companies such as illegal dumping of industrial waste, open burning and improper or unsafe work place. It is highly perceived that for global changes, CSR should not be treated as philanthropy but rather as a mandatory requirement for all companies, regardless their sizes. One of the ways to do this is through legislations. With the recent amendments of Companies Act 1965, particularly in relation to directors duties to act with due diligence, it is apparent that CSR could be imposed to all companies. This paper will discuss the overall concept of CSR and the global expectation of its implementation. This paper will also analyze on how CSR could be imposed to all companies via regulations; with special reference to the Malaysian Companies Act 1965. 2008 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/65196/1/CSR%20through%20Legislation..pdf application/pdf en http://irep.iium.edu.my/65196/2/Document%206.pdf Abd Ghadas, Zuhairah Ariff and Hassan, Halyani (2008) Philanthropy yet regulatory!Implementation of CSR through legislation: The Malaysian Companies Act 1965 perspectives. In: 3rd International Borneo Business Conference, 15th-17th December 2008, Kota Kinabalu, Sabah. (Unpublished)
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic K Law (General)
KPG Malaysia
spellingShingle K Law (General)
KPG Malaysia
Abd Ghadas, Zuhairah Ariff
Hassan, Halyani
Philanthropy yet regulatory!Implementation of CSR through legislation: The Malaysian Companies Act 1965 perspectives
description The nature of corporate social responsibility (CSR) is always regarded by companies as philanthropy. As such, many companies choose to ignore CSR by giving many excuses such as “limited fund, not enough profit, still a small business or CSR is only for public listed companies/conglomerates”. For the big companies, CSR is included in their business plan because good will and high reputation are important for the business. However, for small and medium sizes companies, CSR may not be regarded as important as it is often treated as a “welfare issue”. This is where the concern arise; many issues which CSR try to resolve are acts related to small medium sizes companies such as illegal dumping of industrial waste, open burning and improper or unsafe work place. It is highly perceived that for global changes, CSR should not be treated as philanthropy but rather as a mandatory requirement for all companies, regardless their sizes. One of the ways to do this is through legislations. With the recent amendments of Companies Act 1965, particularly in relation to directors duties to act with due diligence, it is apparent that CSR could be imposed to all companies. This paper will discuss the overall concept of CSR and the global expectation of its implementation. This paper will also analyze on how CSR could be imposed to all companies via regulations; with special reference to the Malaysian Companies Act 1965.
format Conference or Workshop Item
author Abd Ghadas, Zuhairah Ariff
Hassan, Halyani
author_facet Abd Ghadas, Zuhairah Ariff
Hassan, Halyani
author_sort Abd Ghadas, Zuhairah Ariff
title Philanthropy yet regulatory!Implementation of CSR through legislation: The Malaysian Companies Act 1965 perspectives
title_short Philanthropy yet regulatory!Implementation of CSR through legislation: The Malaysian Companies Act 1965 perspectives
title_full Philanthropy yet regulatory!Implementation of CSR through legislation: The Malaysian Companies Act 1965 perspectives
title_fullStr Philanthropy yet regulatory!Implementation of CSR through legislation: The Malaysian Companies Act 1965 perspectives
title_full_unstemmed Philanthropy yet regulatory!Implementation of CSR through legislation: The Malaysian Companies Act 1965 perspectives
title_sort philanthropy yet regulatory!implementation of csr through legislation: the malaysian companies act 1965 perspectives
publishDate 2008
url http://irep.iium.edu.my/65196/1/CSR%20through%20Legislation..pdf
http://irep.iium.edu.my/65196/2/Document%206.pdf
http://irep.iium.edu.my/65196/
_version_ 1643617539667787776
score 13.211869

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