Abstract:In the Philippines, the concept and practice of CSR is rooted in cooperative and community associations involving business and society. The spirit of bayanihan is a Filipino tradition characterised by mutual assistance of one's neighbours. The legitimacy of CSR depends on at least two factors:
The Philippine Constitution defines the state's role in promoting equality and the common good, and
The Corporation Code enforces the responsibility of boards and directors to practice good governance.
Document Type: Research Article
Publication date: June 14, 2010