The role of corporate social responsibility in achieving the corporate objectives: A case study of SONGAS
| dc.contributor.author | Leka, Dennis C | |
| dc.date.accessioned | 2024-08-28T05:25:30Z | |
| dc.date.available | 2024-08-28T05:25:30Z | |
| dc.date.issued | 2016 | |
| dc.description.abstract | Corporate Social Responsibility (CSR) is essential towards the success of corporations. Its essence is in making corporations part of the community in assisting its development through establishing projects, as a way of sharing part of their success to the marginalized communities. At the same time, it assists the corporation in achieving the objectives it was set for by involving the stakeholders. In Tanzania, the practice of CSR is still largely voluntary despite having legislations such as The Extractive Industries Act of 2015, The Mining Act of 2010, The Petroleum Act of 2015 and The Environmental Management Act of 2004 that have provisions that require companies to have CSR. The provisions of the former Acts are not binding to companies that are of other nature of business other than what has been provided in the Acts save for the later Act that cuts across almost all nature of companies. This creates uncertainty on its regulation and hence underscoring the role of CSR towards achieving the corporate objectives. This study was centered on knowing the role of CSR and how it helps the company meet its objectives guided by the research question as to what is the role of corporate social responsibility. The research was conducted in Dar-es-salaam and Lindi regions in which a case study design was adopted. A sample of 15 respondents was involved in the study. The sample was obtained through purposive sampling. Data was collected using interviews, questionnaires, focus group discussion and documentary review and was analyzed using qualitative analysis and simple arithmetic in order to arrive into conclusions. The research has found that there is a serious loophole in the legal framework that was expected to address CSR. The study recommends to the Government and policy makers to have a comprehensive CSR law that will bind corporations to practice CSR in assuring that they meet their objectives and bring about sustainable development hence reduce the government’s burden. The companies are also advised to practice CSR in assuring they meet their objectives and maximize shareholders income. | |
| dc.description.sponsorship | Private | |
| dc.identifier.citation | APA | |
| dc.identifier.uri | https://scholar.mzumbe.ac.tz/handle/123456789/1110 | |
| dc.language.iso | en | |
| dc.publisher | Mzumbe University | |
| dc.subject | SONGAS | |
| dc.subject | Corporate Social Responsibility | |
| dc.subject | Lindi | |
| dc.subject | CSR | |
| dc.title | The role of corporate social responsibility in achieving the corporate objectives: A case study of SONGAS | |
| dc.type | Thesis |