corporate citizenship definition

corporate citizenship

Legal status of a corporation in the jurisdiction in which it was incorporated.

A firm's sense of responsibility towards the community and environment (both ecological and social) in which it operates, and draws resources and sustenance from. Firms express this citizenship (1) through their waste and pollution reduction processes, (2) by contributing educational and social programs, and (3) by earning adequate returns on the employed resources.

corporate citizenship is in the Corporate, Commercial, & General Law and Entrepreneurship, Management, & Leadership subjects.

corporate citizenship appears in the definition of the following term: corporate social responsibility

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