The social responsibility of organizations is spreading to all entities, both private and public. This situation now leads associations governed by the 1901 law to also consider their social responsibility. Too often simply applied from that of companies, it must be framed within the specific context of associations. The social responsibility of associations primarily involves ensuring that the mission and values are disseminated throughout the entire organization. It also means remaining compliant with the law in order to survive, quite simply. The responsibility of associations also covers several aspects of accountability and transparency regarding the organization’s performance in its daily operations. It also involves behaving ethically, both at the leadership level and on the ground. More broadly, associations can set an example, first because they have a fundamental role in political awareness and therefore a civic role, but also because they can be drivers of social innovation.
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With over €2 trillion in outstanding loans, banks remained the primary providers of credit in 2021, according to the Bank of France. Given the sums involved, they place a borrower's ability to repay their debts at the heart of their concerns. The challenge is indeed to reduce the cost of risk and maintain the highest quality loan portfolio possible. From their perspective, the commitment—the contract by which the client acknowledges their debt and undertakes to repay it—is largely unaffected by risk. It specifies the debtor's repayment schedule as well as the reciprocal rights and obligations of both parties.
- Management Dictionary
- Corporate and Market Finance