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Corporate responsiblities towards society
Corporations are a distinct members of society in the same capacity as citizens and politicians, and therefore must contribute as part of society. As Jerry Killinger, the CEO of Washington Mutual Bank once said (and I paraphrase) we will do our utmost to give back to the community which has helped us so much. His words were translated into actions, as Washington Mutual participates as an active donor for after-school programs across the country. Furthermore, as a leader in the business of home loans, Washington Mutual also formed a task force of loan consultants and community development managers to reach out to poorer groups and educating them about home loans, and home mortgage. This example illustrates the fact that although corporations are megaglomerates, they are still part of the community, as they are made up by individuals of the community.
In addition, it is also essential for corporations and corporate executives also have the responsiblity of answering for their own actions. In the recent years, as environmental problems are looming larger and larger in peoples perceptive, many corporations are forced to consider things such as the environment at the cost of their own expenses. Dumping waste down the river might be a money-saving option to getting ride of unwanted residuals, but the environmentally damaging consequences can no longer be ignored by the corporate leaders. Businesses need to learn how to handle the sensitivity of society in which they are doing business, and at the same time still manage to increase their productivity.
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