14- zz.pdf - ISSN 2308-5096(P ISSN 2311-620X(O[International Journal of Ethics in Social Sciences Vol.3 No 1 June 2015 An Analysis on Corporate Social

14- zz.pdf - ISSN 2308-5096(P ISSN...

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ISSN: 2308-5096(P) ISSN 2311-620X (O) [International Journal of Ethics in Social Sciences Vol.3, No. 1, June 2015] An Analysis on Corporate Social Responsibility Practices of Some Selected Private Commercial Banks in Bangladesh Md. Azmir Hossain 1 Hasina Parvin Jolly 2 Md. Rofiqul Islam 3 Abstract The purpose of the study is to provide deep understanding of the practices of CSR of PCBs in Bangladesh. The study has been taken to observe different regulatory framework of CSR and PCBs CSR contributions to the society. This study found CSR practices of PCBs are quite inadequate rather than profit. For conducting this research both primary and secondary data were used. In this research study Seven PCBs were chosen as the sample from the total number of private commercial banks in Bangladesh and 50 respondents of those PCBs have been selected, from which 45 responds properly (responds rate was 90%) and the questionnaire consisted of different questions on eight CSR dimensions which has found a positive relationship among CSR practices and long term organizational development. Key Words: Corporate Social Responsibility, Private Commercial Bank, Financial Reporting, Profit, Sustainability Abbreviations: CSR ~Corporate Social Responsibility, PCB ~Private Commercial Bank, HRM ~Human Resource Management 1 Assistant Professor, Department of Business Administration, Faculty of Business Studies, Dhaka International University, Dhaka, Bangladesh, e-mail: [email protected] (+8801915-352491) 2 Lecturer, Department of Business Administration, Faculty of Business Studies, Dhaka International University, Dhaka, Bangladesh, E-mail: [email protected], (+8801712-879473) 3 Associate Professor, Department of Business Administration, Faculty of Business Studies, Dhaka International University, Dhaka, Bangladesh, E-mail: [email protected], (+8801819-163047)
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International Journal of Ethics in Social Sciences, Vol. 3, No. 1, June 2015 24 1. Introduction Bangladesh is a developing country. The economy of this country is growing rapidly, moving towards a free market economy. The government and private sector initiatives are not sufficient to promote good corporate governance leading to an acceptable level of corporate social responsibility. Many of the companies carrying out CSR activities are members of textile associations such as the Bangladesh Garment Manufacturers, and Exporters Association (BGMEA) and the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA). Though the government has no explicit policy on CSR, Bangladesh Bank has made it mandatory for the commercial banks to practice CSR (Miyan, M. A., 2006). As a member of the global economy, Bangladesh is also aware of the need to take positive initiative to establish an image of environmentally and socially responsible businesses. CSR can be viewed as a comprehensive set of policies, practices, and programs. These are integrated into business operations, supply chains, and decision making processes throughout the organizations. These also include responsibilities for current and past actions as well as adequate attention to future impacts. To address the social problems, the business community
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