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This book presents a legal and regulatory framework of corporate social responsibility (CSR) and the effect it has on social transformation in South Africa.
It is premised on Dodds’ theory of stakeholder protection, which is articulated with greater clarity by Jeff Smith.
He states that directors are agents of all stakeholders.
In other words, they have the responsibility to ensure that every stakeholder’s rights and interests are protected and fulfilled.
This, he further explains, should be carried out by means of a balancing exercise between each stakeholder interest in every transaction.
The work demonstrates how the private sector can ‘effectively’ utilise principles of CRS to contribute towards and expedite social transformation.
The significance of social transformation rests on it being a constitutional imperative as employed to redress the legacy of Apartheid.
Lastly, it discusses CSR and how it affects social transformation in India and the UK with the aim of gleaning comparative insights.
The book then makes recommendations that the South African CSR legislation should embody the objectives of our broader national interests similar to the Indian approach.
Kgwiti Prince Mathibela, BA, LLB, LLM (Commercial Law) is a private equity lawyer, specializing in investment funds, private equity, corporate transactions.
He is skilled in drafting wide-ranging bespoke investment documents/ other commercial transactions, preparing/ collating supporting documents for merger and acquisition applications, etc.
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