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Corporate Social Responsibility and Foreign Direct Investment: Engaging Innovation, Auditors, and Stakeholders in Corporate Social Responsibility
Abstract
As well as highlighting how corporations and multinational enterprises can be effectively engaged in entrepreneurship and innovation, as a means of fulfilling corporate social responsibility goals and objectives, this chapter aims to propose means whereby auditors could fulfil corporate governance roles more effectively. Having drawn vital lessons from past corporate collapses and the devastating of these in terms of unemployment - particularly for uninsured wider stakeholders, a vital goal of an enterprise should also namely, embrace that of facilitating initiatives aimed at job creation – through entrepreneurship programs which should also have a role in determining how directors and executives are remunerated – in addition to corporate governance measures which are currently in place. By way of reference to corporate collapses which have severely and adversely impacted the lives of many “uninsured” stakeholders, particularly in developed countries, the chapter also aims to address how the fulfilment of obligations and commitments to such stakeholders, can be secured.
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