Research On The Social Responsibility Information Disclosure Of MD Group

The rapid development of the social economy has brought increasing economic benefits for the company whereas it also aggravated the contradiction between human society and natural environment.As a major user of environmental resources,social resources and economic resources,companies have inescapable responsibilities and obligations in performing social responsibility.At the same time,company's operations are not only aim to seek the best interests for shareholders,but also to meet the needs of stakeholders.This requires companies to transparently demonstrate their actions on its social responsibility.Although in China,there are standards for the disclosure such as National Standards and Guidelines for the Disclosure of Social Responsibility Information,the lack of scientific and effective supervision of disclosure quality cannot be ignored.As one of the most important pillar industries of China's economy,household appliance manufacturing industry still lags behind foreign-funded enterprises in terms of the disclosure of social responsibility.This paper selects MD Group as the object of study,which is a well-known household appliance manufacturing company.Two research methods are adopted in this paper: literature research and comparative research.The stakeholder theory,information asymmetry theory and sustainable development theory are chosen as the theoretical basis to provide multi-angle approaches on the research of social responsibility disclosure issues.Meanwhile,after sorting out the domestic and international standards for the disclosure of social responsibility,this paper selects the household appliance industry's latest guideline < China's Corporate Social Responsibility Report Compilation Guide on Household Appliance Manufacturing Industry > as the reference standard,and conducts in-depth discussions on MD Group's social responsibility disclosure.This paper contains seven sections in total.The first part explains the research background and research significance as well as the research content and research methods of this paper.The second part explains the relevant concepts,theoretical basis and standards of corporate social responsibility information disclosure.The third part introduces the background and the social responsibility information disclosure status of MD Group.In the fourth part,MD Group's social responsibility information disclosure issues are analyzed according to the quality evaluation principle.The fifth part analyzes the problem causes of MD Group's disclosure of social responsibility information.In the sixth part,MD Group's social responsibility information disclosure improvement recommendations are proposed.The seventh part concludes the research as a whole.MD Group,as the leading enterprise in China's household appliance manufacturing industry,should play a leading role in the disclosure of social responsibility for domestic companies.By means of analyzing and resolving the social responsibility information disclosure issues of MD Group,this paper will provide practical and effective insights on the improvement of social responsibility disclosure for other household appliance manufacturing companies within the industry.