What does a social performance audit involve?
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What does a social performance audit involve?
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Solution Summary
The 321-word cited solution clearly explains the concept of a social performance audit including the process and the objectives. Possible results from this process are included too.
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A social performance audit is a method of measuring an organization's social and ethical performance within the community or the economy, depending upon the type of organization.
The objectives of such an audit are to improve relations with stakeholders who include shareholders, employees, management and the community in which the organization operates. Another objective can be to increase communication and promote participation among employees and customers. The results can increase democracy while adding collective features to decision making. In this way, human resources, also called human capital, can be enhanced.
This type of audit can be made part of the corporate governance to ...
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