in the first instance, henderson (2001) argues that recent widespread focus on CSR ignores the essentials of the market economy and presents a maze of jargon and trends. he argues that worldwide economic and social 'alarmism' is fasely directed at the corporate sector . in responding to societal expectations,companies are too quick to appease the concerns put forth by the anti-business NGO's . henderson asks the corporate sector to pause and consider the regulatory,economic,political and legislative ramifications of their uncritical acceptance of the concepts of CSR. he reminds us that there are certain functions not appropriate for companies,in good times or bad . in an explicit critique of stakeholderism ,gregg(2001;35)further argues that CSR disrupts the moral relationship and contractual understandings between employees,customers and owners.