Mandatory CSR Policy in the Era of Covid-19 Pandemic

A Case: Indonesia, Malaysia and Nepal

DOI

10.2991/aebmr.k.211207.035How to use a DOI?

Keywords

Corporate Social Responsibility; Covid-19 Pandemic; CSR Law and Policy Responses

Abstract

The COVID-19 pandemic has had a major impact on the well-being of people and countries around the world, with major implications for public health, society, safety and the economy. It has posed challenges to firms and organizations with regard to their Corporate Social Responsibility (CSR). The debate that whether companies should maximize the shareholder value or stakeholder’s welfare has been revived with the current result of COVID-19 pandemic as to the necessity of the CSR. Now, discussion is further focused on philanthropic or mandatory CSR. Purpose of the paper is to review the CSR Policy and legal framework of Indonesia, Malaysia, and Nepal for addressing pandemic like covid-19. The result shows that for effectively functioning of the CSR activities a mandatory CSR policies and law with built-in guiding and governing mechanism will be necessary for keeping the system work. Company’s collaboration with the government and society will also be equally necessary.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Rashmee Shilpakar Rajkarnikar
AU  - Ahmad Syarif Munawi
AU  - Adela Fortunada
AU  - Balqis Balqis
AU  - Nur Farisha Ilya
AU  - Agustina Widi Palupi
PY  - 2021
DA  - 2021/12/07
TI  - Mandatory CSR Policy in the Era of Covid-19 Pandemic
BT  - Proceedings of the Conference Towards ASEAN Chairmanship 2023 (T-A-C 23 2021)
PB  - Atlantis Press
SP  - 225
EP  - 232
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.211207.035
DO  - 10.2991/aebmr.k.211207.035
ID  - Rajkarnikar2021
ER  -