Table of content. Preface Certification; Declaration; List of statutes; List of case ; List of abbreviations ; Acknowledgement ; Research methodology; Introduction ; Chapter one; Theories of corporate governance ; Shareholder v stakeholder theories; Shareholder theory ; Stakeholder theory; Who are the stake holders; Chapter two; Corporate social responsibility ; Evolution of corporate social responsibility; What is corporate social responsibility ; Drivers of Corporate social responsibility ; Argument for and against corporate social responsibility ; Pyramid of corporate social responsibility; Mandatory of corporate social responsibility; Chapter three ; Corporate social responsibility and corporate financial Performance; The relationship between corporate social responsibility and Corporate financial performance; Chapter four ; Discussion on corporate social responsibility .; Scope and effect of corporate social responsibility in TZ ; Law relating to corporate social responsibility in TZ; Challenges of corporate social responsibility in TZ ; Chapter five ; Findings and conclusion ; Bibliography.