Dr aspasia pastra, researcher at the world maritime university of malmo and research associate at the hellenic observatory of corporate governance, contributes to todays guest post. Corporate responsibility or sustainability is therefore a prominent feature of the business and society literature, addressing topics of business ethics. He is a named freeman of the city of london and researches in the fields of corporate social responsibility csr, corporate governance and accounting. Corporate governance and social responsibility of business. Written by experts from all over the world, a handbook of corporate governance and social responsibility is the most authoritative singlevolume guide to the relationship between good governance and social responsibility and the reality of managing both. Governance of mandated corporate social responsibility.
Relationship between corporate social responsibility and. Written by experts from all over the world, the gower handbook of corporate governance and social responsibility is the most authoritative singlevolume guide to the relationship between good. The aim is to align as nearly as possible the interests of individuals, corporations and society corporate social responsibility is concerned with treating the stakeholders of the. Sukhadia university, india introduction a growing number of writers over the last quarter of a century have recognised that the activities of an.
Jun 14, 2016 corporate governance is ensuring that an organization is run in a responsible manner by ensuring accountability, transparency and compliance with due regard to its key stakeholders. The case of nigeria 79 through the best way possible can utilise companies assets to increase returns on shareholders wealth including ensuring external stakeholders interest are taking into account. Corporate social responsibility and financial performance from a theoretical perspective, stakeholder theory mcguire et al. Corporate social responsibility or csr as we will call it throughout this. Good governance and social responsibility free download as powerpoint presentation. If you continue browsing the site, you agree to the use of cookies on this website. May 20, 2015 the corporate governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources. Though the concepts of corporate social responsibility csr and governance cg have been evolving for decades, no single allencompassing meaning has as yet been achieved.
Social responsibility and good governance are used interchangeably worldwide by individuals and corporations to show their associations with the activities carried out for the betterment of the society. Corporate governance, csr reporting and accountability. Corporate social responsibility has become a subject of growing importance in business and law. The current economic situation has highlighted deficiencies in corporate governance while also showing the importance of stakeholder relations. Corporate social responsibility and governance springerlink.
Relationship between corporate social responsibility and corporate governance dr. Chapter 2 corporate social responsibility, corporate. Grameen bank has revolutionized banking by deviating from conventional banking models and being a banker to the poor with a primary objective of alleviating poverty. Based on the fundamentals of moral theory, the book examines governance and csr in general, addressing questions such as. Corporate governance and corporate social responsibility csr are. Corporate social responsibility csr is now becoming much more a part of mainstream corporate governance as there is a recognition that a company cannot in the longterm operate in isolation from. Good governance and social responsibility local government. Linking corporate social responsibility, good governance and. The issue has gained more importance in recent years as more companies seek to improve its corporate governance, coupled with the fact that concerns about social factors. The issues in the application of good governance and social responsibility. Corporate social responsibility and governance ebook by. Since the 1990s, more and more companies have engaged in corporate social responsibility csr, internalizing externalities and voluntarily overcomplying with laws and regulations on environmental and social issues. Today, no analysis of corporate governance systems would be complete without considering the pressures on companies to be seen as responsible corporate citizens. The corporate governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources.
Corporate social responsibility and governance theory. The executive management committee, led by our ceo, retains overall discretion for corporate social responsibility csr as part of the business strategy. The main purpose of this study is to look at the role played by corporate governance and corporate social responsibility in business expansion. Though the concepts of corporate social responsibility csr and governance cg have been evolving for decades, no single allencompassing meaning has. Pdf corporate governance and corporate social responsibility. Corporate governance the foundation for corporate citizenship and sustainable business, linking the environmental, social and governance responsibilities of a company to its financial performance and longterm sustainability. How does corporate governance influence corporate social. Corporate social responsibility is sustainable involving activities that an organization can uphold. Corporate governance cg and corporate social responsibility csr have. Most organizations can be placed somewhere in between. Concerns which are often overlooked by business in its pursuits of profits such as corporate social responsibility will also be given emphasis to instill in the students a sense of urgency given in the global changes happening now.
A critical view 1 good governance and corporate social responsibilitya critical view. This book deals with the role of international standards for corporate governance in the context of corporate social res. He has led several edited books in csr and is the editorinchief of two springers reference books encyclopedia of corporate social responsibility and dictionary of corporate social responsibility forthcoming. Governance and corporate social responsibility disclosures. Central public sector enterprises cpses within a unique mandatory regulatory setting. Accordingly, it is a key issue for the business of society.
In the corporate governance we deal with the problem of producing best results for its shareholders by the corporate enterprise, while at the same time promoting the interests of other stakeholders such as employees, consumers and lenders. Apr 05, 2011 this paper discusses the controversial question about the compatibility, inimitability and interface flanked by business ethics and social responsibility. Corporate governance and corporate social responsibility csr are conceptualised by the. Problems and issues summary a introduction the growing role of market in the world, i. The social responsibility and good governance business essay. Let us make indepth study of the concept of corporate governance and social responsibility of business. A number of initiatives have address different aspects of the relationship between good governance, csr and corporate accountability. Social responsibility and good governance albert a. Corporate governance is concerned with holding the balance between economic and social goals and between individual and communal goals.
A view from the worlds most successful firms 2003 482 journal of business ethics 175. Companies with good corporate governance cg mechanisms not only promote ethics, transparency and accountability. Good governance and corporate social responsibility. Read corporate social responsibility and governance theory and practice by available from rakuten kobo. Corporate governance and corporate social responsibility disclosure. As social responsibility and good governance have various similarities, the uk government has to address few challenges that are impacting the effectiveness of the code of governance. The executive management committee, led by our ceo, retains overall discretion for. This article aims to analyze the relationship between corporate governance indicators and corporate social responsibility disclosures csr.
Corporate social responsibility, accountability and governance will be essential reading for public and private policymakers and practitioners and academics interested in how csr can become more than a soundbite, and rather a substantial force for better global corporate governance and accountability. Other focal elements or ingredients of good governance. The study examines the impact of corporate governance on corporate social responsibility of dangote group of companies in nigeria the study seeks to find out how corporate governance foreign directors, independent directors, women directors, board size, audit committee and ownership structure affects corporate social responsibility. Cg has been acclaimed as an instigator of tight internal control mechanisms. Aug 07, 2014 importance of corporate governance and social responsibility slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Corporate social responsibility and sustainable business. The relevant legal issues for corporate social responsibility concern whether and to what extent legal rules should mandate or re. Pdf corporate social responsibility and good governance. Corporate social responsibility in a corporate governance. Jun 07, 20 corporate governance has gained a much higher profile in the last two decades in the wake of various corporate scandals and collapses. Second, firms which have women on board have a good reputation in. We utilise the multilevel logic of governance conceptual framework lynn et al.
Social responsibility and good governance business essay. Corporate social responsibility is a form of corporate self regulation integrated into a business modal. Corporate governance the corporate social responsibility. Does csr moderate the relationship between corporate. Hence, the social responsibility and good governance are interlinked that aim to give protection to the interests of the stakeholders so that they can get benefited from the decision making processes of existing entities especially corporations. Corporate social responsibility and corporate governance. Corporate social responsibility is the procedure of assessing an organizations impact on society and evaluating their responsibilities. This study provides evidence on the governance of csr policies and activities by indian central governmentowned companies i.
Corporate social responsibility governance in 2017 xerox. Corporate social responsibility and good governance citeseerx. Her research interests are corporate governance, corporate social responsibility reporting. International journal of research ijr vol1, issue5, june 2014 issn 23486848 corporate social responsibility and good governance prof. Corporate governance and corporate social responsibility. Kim abstract while enhancing shareholder value is still a major goal for all company, the concepts of corporate governance cg and corporate social responsibility csr enter the picture to reach to the goal. It has also raised the profile of the debates regarding corporate social responsibility and shown the interrelationship with governance.
Corporate social responsibility and corporate governance article in economic affairs 294. In this way corporate social responsibilities csr become integrated into corporate governance while minimizing the extent, cost and need for government laws, regulations, regulators, legal. Relationship between corporate social responsibility and corporate governance. Csr is also important for promoting good corporate behaviour and it should not. Linking corporate social responsibility, good governance and corporate accountability through dialogue discussion paper tom bigg and halina ward international institute for environment and development 3 endsleigh street london wc1h odd uk tel. This paper seeks to explore the interrelationship between csr and cg and its. An emphasis on the csr key dimensions, journal of accounting and auditing. Individuals and organizations around the world use social responsibility and good governance to show their association with activities for societys progress. A plethora of empirical research on corporate governance continues to study the gender diversity in the boardroom and the differences of women from male corporate directors in the effectiveness. International journal of research ijr vol1, issue5, june 2014 issn 2348 6848 corporate social responsibility and good governance prof. This book deals with the role of international standards for corporate governance in the context of corporate social responsibility.
Corporate social responsibility, accountability and. The strategy of the company, such as corporate social responsibility csr, can be done to give a good image of the company to the external parties. In addition to the theory and practice of governance and csr, the book. Accountability and responsibility in corporate governance.
335 584 569 463 666 437 348 1164 819 910 1238 1490 992 1133 687 476 365 1295 1059 41 268 965 398 1600 47 1033 1164 544 526 751 1579 157 128 233 446 1075 371 207 218 1044 616 862 191 1138