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High Quality Content by WIKIPEDIA articles! Voluntary compliance is one of possible ways of practising corporate social responsibility.Voluntary compliance is seen as an alternative to the state-imposed regulations on company's behaviour. Proponents of voluntary compliance argue that it is in company's own interest to behave socially responsibly and that in pursuit of good public image, company will withdraw from doing actions, which could damage its perception by public. Thus there is no need for state regulations.On the other hand, opponents deem that companies may claim to voluntary adhere…mehr

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High Quality Content by WIKIPEDIA articles! Voluntary compliance is one of possible ways of practising corporate social responsibility.Voluntary compliance is seen as an alternative to the state-imposed regulations on company's behaviour. Proponents of voluntary compliance argue that it is in company's own interest to behave socially responsibly and that in pursuit of good public image, company will withdraw from doing actions, which could damage its perception by public. Thus there is no need for state regulations.On the other hand, opponents deem that companies may claim to voluntary adhere to self-imposed regulations but in practice they often follow profit maximising behaviour often violating stakeholder's interests.