[HERI Report] Time to declare dual missions: stockholder and social responsibility : Business : Home: However, there are still differences between East Asian and Western countries. First, stakeholders‘ engagement in the civil society is relatively weaker in East Asia. It is a contrast to Western countries where there is a strong presence of NGOs and business has more frequent interactions with the civil society to collect opinions. This is the reason why East Asian corporations should make greater efforts to listen to their stakeholders and reflect their opinions to management.
On the other hand, there is a consensus in East Asia that a corporation in the end belongs to the society, so businesses in the region are active in corporate philanthropy and volunteering.
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