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In this context, social responsibility is a major concern for management from a reputation riskperspective. Typically, reputation risk is associated with fraudulent reporting, regulatory actions against acompany, or misconduct of individual officers (for example, personal tax fraud). But the scope of socialresponsibility has been expanding continuously to include several aspects that are perceived by the public tobe the social impact of business actions. Communities understand the impact of corporate influences in thelocal dynamics of their marketplace and international human rights organizations help consumers to stayinformed of possible corporate transgressions that may or may not be unfounded
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