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I need this to be paraphrasing Corporations and businesses are required to be aware of their impact of their action and decisions on the others.

I need this to be paraphrasing

Corporations and businesses are required to be aware of their impact of their action and decisions on the others. Therefore, these corporations and business have to obtained theories used to own some degree of responsibility for their actions. Here are the theories of value orientation of social responsibility of business:

1.Theory of maximized profits for shareholders

The conventional theory of CSR believes that companies, as a business setup, should take optimal profit making for shareholders as their most fundamental objective. The realization of the benefits of any other concerned interest parties who are under the influence of the company's behaviors should not be deemed as the corporate objective. And the management body of the company shall have the right to resort to any means to achieve the goal when making any decisions or taking any actions on behalf of the company.

2.Theory of social responsibility for protection on the interests of the corporate stakeholders other than shareholders

This school of theory maintains that maximizing the interests of the shareholders of the company is the most important objective that a business organization should achieve. However, it should not be considered as the sole objective. As a business organization, a company is vitally interrelated with the overall social environment. When in business activities, a company should not only consider on the influence that the activities may have on shareholders, but also on the influence that they will have on the interests of the parties other than the shareholders, including employees, suppliers, customers, creditors and on the benefits of the government. When a company makes any decision, it has to take into account the benefits of these people. Otherwise, it should take liabilities against any harm or damages thus incurred to these people.

3.Theory of social responsibility on being good citizens

This theory maintains that companies, as business organizations, should take profit making as the corporate objectives. However, companies are also liable to offering help, i.e. companies shall have the obligation to help solve certain social problems. For instance, companies shall have the obligation of making donations to education or charity organizations.9

4.Theory of social responsibility on minimum requirement of morality

This CSR theory believes that companies have the obligation to satisfying shareholders' interests rather than causing damages to other parties. By this theory, as long as companies have avoided causing or corrected the social harm caused due to their behavior during the process of business activities, the companies are deemed to have fulfilled their social responsibilities. The CSR theory of minimum requirement of morality is regarded by some scholars as conservative idealism, or in other words as the voluntary compliance with the law.

9 Edited by Zhang An Min:"Company Law", Press of Zhongshan University, 2003 edition, p44.

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