英语论文网

al control neglecting its social responsibility. But with increasing cultural diversity and changing business laws in every region of the world, FORD mended its code of conduct and employees behavior according to the needs and requirements of that particular region. Employees training programs and online anti corruption courses has positively influenced FORD's administrative control and management impact on its stakeholders and social relationships. As a global competitor, FORD faced transparency challenges and cultural diversity hence exposed to an open threat from the ever hanging social and stakeholder dagger. Since 2007 it started taking initiatives to improve its ethical practices and with its good governance it showed highly positive results reflecting its consistent policies and brilliant strategies that gave bolster to its social, economic and environmental performance.

FORD dealing throughout the six continents set a best example of corporate responsibility by considering its stakeholders' interests and dealing with diverse culture and corporate environment in a tactful manner. Its advanced directives and policies including internal awareness of mal practices and removing them once for all has made this organization widely known for its magnificent managerial skills and corporate administration. The flexibility in its policies and code of conduct has made it possible for FORD to conduct its business efficiently in different geographical locations and diverse economies. Keeping in view the social values in different regions of the world, FORD management has deeply analyzed its policies and working structures, and has formed a well designed business model leaving no room for misconduct and chances of ill-impact on its stakeholders.

Despite of some prodigious challenges, FORD has proved it's best corporate management ability and perfect governance by its unbeatable strategic planning and well designed business model throughout the wide range of global market. And even in new emerging markets FORD is maintaining a proven track record of high social, economical and environmental performance.

Intentions for CSR Reporting:

Many authors argued that there are a lot of benefits when any company accepted its social responsibility in respect of its stake holders e.g. Crowther (2003), Idowu and Towler (2004) and Jackson (2003). The CSR reporting got familiarity due to recent incidents around the world like Enron's collapse, WorldCom and Parmalat issue. These incidents changed the views of others to see and think about CSR.

Many Corporations started the phenomenon of voluntary disclose the annual CSR report and other documents relating the issues with environment and stakeholders. Campbell (2004) noted that around 10 UK companies voluntary disclose its environment related issues in its annual report. Patten (1992) and Deegan et al. (2000) also noted that after heavy criticism of people, many companies voluntary disclose the information related to the environment.

Due to pressure groups or accountable to stakeholders, corporations are now taking actions in respect of its social responsibility like installing environment friendly machines, properly dispose of the wastages, recruiting of employees without any distinction , favouring human rights, restricts child labour and giving donations to charities working on these issues.

Explaining the