Imagine you are an outside, disinterested and impartial observer of the companies you are writing about.
Is corporate self-regulation sufficient in the context of the classical theory of the firm?Outline the definition of corporate social responsibility favoured by the classical model of the firm. Examine critically the ethical underpinning and justification of this approach? Set out clearly what is meant by self-regulation. Consider whether self-regulation is effective and sufficient for the major corporations in the light of this definition.