There has been a prolonged debate about the legitimacy and value of corporate responses to CSR concerns (Tsoutsoura, 2004). Organisations need to accept the responsibility for the impingement of their activities and must validate the reach of its voluntary actions. Managers continually encounter demands from multiple stakeholder groups to devote resources to CSR (McWilliams and Siegel, 2001). Whether Corporate Financial Performance (CFP) is a success or failure is currently being judged by stakeholders - primarily investors, consumers, employees and the communities in which they operate. Thus, firms need to do better in non-fiscal domains such as human rights, environment, corporate contributions, community development and workplace issues. Increased competitive pressures for firms over the last few decades have caused practitioners to examine the quality and magnitude of their CSR actions.