what are the role of a corporation as a political actor? explain
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The role of corporate as an political actor is that of Polital CSR. CSR entails businesses playing a political role in solving "regulatory loopholes" created by inadequate or incomplete social and environmental standards.
Explanation:
- In addition to economic obligations, corporations often carry on political responsibility for conventional government functions such as business regulation and the distribution of public commodities. Companies are regarded as intermediate actors with political responsibilities in society given to them by (inter)national governmental bodies
- We live in a society where there are still issues of harm and inequality. There are numerous situations, regardless of whether these are issues relating to climate change, disease or poor working conditions & basic rights are being either violated or not safeguarded sufficiently. In many cases, we no longer find only governments and intergovernmental institutions trying to rectify these situations, but corporate stakeholders take on these responsibility as well.
- The scope of corporate social responsibility (CSR)is increasing, as indicated by these developments. Enterprises are more and more engaged in the distribution of public goods and safeguarding of human rights, as well as in governance initiatives such as the UN Global Compact, involvement in the UN's Sustainable Development Goal implementation
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