The Function of Corporate Social Responsibility Strategy in Preventing Corporate Corruption

Abstract

The purpose of this essay is to determine if a business that prioritizes corporate social 
responsibility would be better equipped to create an organizational culture that discourages 
corporate wrongdoing. The case study technique is used. We look at how Taiwan 
Semiconductor Manufacturing manufacturer (TSMC), a Taiwanese semiconductor 
manufacturer, has developed corporate social responsibility. As the biggest specialized 
semiconductor foundry in the world, TSMC is well-positioned to maintain its stellar reputation 
for technical innovation and social responsibility. TSMC has put in place a number of measures 
to satisfy its corporate social responsibility, such as upholding the highest standards of 
professional ethics, concentrating on sustainable development and environmental management, 
strengthening corporate governance, and making social contributions. The article examines 
TSMC's corporate social responsibility framework and talks about how it relates to preventing 
corporate wrongdoing. The results show that there are two ways that corporate social 
responsibility prevents and regulates corporate corruption: internal motives that prioritize 
integrity and self-monitoring, and extrinsic laws that stress surveillance and punishment.