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Australian Journal of Asian Law

Abstract from Volume 6 No 2 (2004)

Defining Corporate Social Responsibility - A Singapore Perspective

Lim-Lum Kit-Wye is Assistant Professor, Division of Business Law, Nanyang Business School, Nanyang Technological University, Singapore.

The topic of corporate social responsibility is not a new one. Much has been written in the United States and Europe on the issue of whether a company is ‘an economic institution which has a social service as well as a profit-making function’. In Singapore, interest in the subject has burgeoned in the past few years. However, despite the growing support and awareness of the business community and its observers, there is reason to doubt whether there is a true understanding of the issues involved and whether there can be real commitment without such understanding. One primary reason for this doubt is the uncertainty that surrounds the fundamental issue of what really is meant by ‘corporate social responsibility’. This article attempts to highlight the problems that arise as a result of such uncertainty and to discuss the main areas of confusion, as well as to suggest a logical and workable understanding of the key characteristics encompassed by the term.

(2004) 6(2) Asian Law 131
   
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