Business ethics and corporate social responsibility syllabus v1. Governance can be used in several contexts such as corporate governance, international governance, national governance and local. Facilitate ethical deliberation by stirring the moral conscience. 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.
The relationship between cg and csr has been studied in financial literature in conjunction with the relationship between csr, risk and corporate financial performance cfp. Ideally, since the corporate governance is primarily based on ethical code of business conduct, the principles of good corporate governance should be nonbinding on the corporate companies. The relationship between cg and csr has been studied in financial literature in conjunction with the relationship between csr. The relationships between corporate ethics, cg and csr have been heavily studied indicating significant associations. For institutional investors, transparency of corporate dealings was even more important. Social responsibility can translate either into a passive approach, whereby one refrains from harmful actions, or an active policy, through which one actively pursues social and environmental goals. Corporate social responsibility and corporate governance and corporate financial performance. Corporate social responsibility is the commitment of businesses to contribute to sustainable economic development by working with employees, their families, the local community and society at large to improve their lives in ways that are good for business and. Corporate ethics, governance and social responsibility in. Though the concepts of corporate social responsibility csr and governance cg have been evolving for decades, no single.
This paper seeks to explore the interrelationship between csr and cg and its. This paper aims to empirically explore the interrelationship between cg, csr, financial performance fp and corporate social performance csp using a sample of 297 electronics companies operating in taiwan, a newly industrialized asian economy. Corporate social responsibility, institutional structures and. Corporate social responsibility and financial performance. Jan 08, 2018 studies show that corporate governance cg and corporate social responsibility csr are driven by ethical practices. Starbucks corporation corporate governance principles and practices for the board of directors. 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. You can easily adapt the mba lecture notes, study materials. Defining corporate social responsibility csr analyses economic, legal, moral, social and physical aspects of environment. Relationship between corporate social responsibility and corporate governance dr. 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 influence of good corporate governance and corporate. 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. Corporate social responsibility, good corporate governance. Let us make indepth study of the concept of corporate governance and social responsibility of business. 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.
Corporate social responsibility and profitability, sam advanced management journal. Corporate social responsibility and sustainable business. 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 governance microsoft csr. Igor alvarez etxeberria, department of accounting, faculty of business and economics, university of the basque country upvehu, san sebastian, spain. While emerging market economies do not have a mature market structure yet, there is a need for research on corporate governance practices in these economies from different perspectives, including corporate social responsibility. Jun 26, 2019 corporate governance cg and corporate social responsibility csr have been important research issues for decades. Corporate social responsibility and corporate governance. Importance of corporate governance and social responsibility slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. How does corporate governance influence corporate social. Relationship between corporate social responsibility and. Strong corporate governance maintains investors confidence. Bridging concepts for a more ethical business model.
List of books and articles about social responsibility. Download pdf 165k code of ethics for ceo, coo, cfo and finance. Integrated in business models, this approach is known as corporate social responsibility csr. Corporate governance and social responsibility of business. Corporate social responsibility and profitability, sam advanced management journal, issue 1. Corporate governance, corporate social responsibility and. Our corporate governance framework, policies, and practices are described in detail in our annual proxy statement and the corporate governance section of out investor relations website. Social responsibility and good governance albert a. Accordingly, it is a key issue for the business of society. The practices of good corporate governance are expressed as ethical code of conduct and are mainly selfregulated and not imposed by laws or legislation. A critical view 1 good governance and corporate social responsibilitya critical view.
Ppt good governance and corporate social responsibility. 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. Good corporate governance ensures corporate success and economic growth. Studies show that corporate governance cg and corporate social responsibility csr are driven by ethical practices. Corporate social responsibility and environmental management. However, the government has important responsibility for regulating practices so that the misappropriation of funds and frauds do not occur. An overview of corporate social responsibility 4 what is the business case for csr. 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. Download business ethics, corporate social responsibility, and governance notes for mba pdf. Download pdf 16k amended and restated bylaws of starbucks corporation. Corporate governance and corporate social responsibility csr reporting have separately established themselves as wellresearched areas, however relatively less attention has been paid in setting up a link between these two khan e siddiqui, 20.
Principles of corporate governance is intended to assist public company boards and management in their efforts to implement appropriate and effective corporate governance practices and serve as spokespersons for the public dialogue on evolving governance standards. Files must be in pdf, microsoft word or simple text file format. Good governance and social responsibility local government. The research sample of 15 companies was taken using purposive sampling from companies listed in the lq45 on.
Implementing corporate social responsibility 18 task 1. Corporate responsibility or sustainability is therefore a prominent feature of the business and society literature, addressing topics of business ethics, corporate social performance, global corporate citizenship, and stakeholder management. Corporate governance and corporate social responsibility. Good governance and corporate social responsibility.
Corporate governance encourages a trustworthy, moral, as well as ethical environment. Explain the role of ethics and social responsibility in the global economy. 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. Corporate governance cg and corporate social responsibility csr have been important research issues for decades.
Good governance and social responsibility free download as powerpoint presentation. Many countries have a wide range of laws, whether at the national, state or local levels of government, relating to consumers, workers, health and safety, human rights and envi ronmental protection, bribery and corruption, corporate governance and taxation. Apr 05, 2011 the research dwells upon good governance as key to economic and social transformation and social responsibility which is the prime duty to set standards of quality and integrity to protect the environment and safeguard the interests of customers, employees, suppliers and the community rather than concentrating on maximization of profits. Explain the relevant study of the fundamental moral principles applied to business.
The relationship between corporate governance cg and corporate social responsibility csr is a vexed, yet a vital, one for each of these regulatory logics. Linking corporate social responsibility, good governance and. Corporate social responsibility issue putting the good back in good corporate governance. Corporate social responsibility and governance springerlink. Understand the nature of corporate social responsibility. The purpose of this study was to analyze the effect of good corporate governance gcg and corporate social responsibility csr on the firm value. It seems to me that csr and cg are not the same thing. The board of directors and top management is central to the concept of corporate governance and it is their accountability and transparency in the dealings with shareholders and other stakeholders that underlie good corporate governance. Stakeholders pressure, culture, employee commitment, corporate reputation, and brand performance. Corporate social responsibility practices incomes and outcomes.
The research sample of 15 companies was taken using purposive sampling from companies listed in the lq45 on the indonesia stock exchange for the period of 20142017. Cg has been acclaimed as an instigator of tight internal control mechanisms. They also provide guidance for stock exchanges, investors, corporations, and others that have a role in the process of developing good corporate governance. Students can download the study materials and pdf books and they can use them in their academic preparation. Corporate governance definition, scope and benefits. Further, it is worthwhile to mention that csr is based on the concept.
Emerging markets focus fills the gap with a collection of highquality research and policybased. Sixtyeight percent said it was one of the three most important aspects of cr, followed by high standards of corporate governance 62% and ethical behaviour of staff 46%. Corporate governance and corporate social responsibility csr are conceptualised by the. Corporate social responsibility is the commitment of businesses to contribute to sustainable economic development by working with employees, their families, the local community and society at large to improve their lives in ways that are good for business and for development. This chapter illustrates how coherent csr strategy helps business benefits, and it could mitigate the corporations reputation risk. 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.
The g20 oecd principles of corporate governance help policy makers evaluate and improve the legal, regulatory, and institutional framework for corporate governance. Previous research has analyzed and debated corporate governance cg and corporate social responsibility csr independently. See how corporate social responsibility, like other goals and objectives, can be incorporated using the balanced scorecard. Understand that corporate social responsibility, like any other goal and objective, helps the firm only when aligned with its strategy, vision, and mission. Pdf corporate social responsibility and good governance. The research dwells upon good governance as key to economic and social transformation and social responsibility which is the prime duty to set standards of quality and integrity to protect the environment and safeguard the interests of customers, employees, suppliers and the community rather than concentrating on maximization of profits. Download pdf 231k restated articles of incorporation of starbucks corporation. At microsoft, our focus on corporate social responsibility fosters sustained longterm business success. Corporate social and environmental responsibility csr seems to be rapidly moving from the margins to the mainstream of corporate activity, with greater recognition of a direct and inescapable relationship between corporate governance, corporate responsibility, and sustainable development. If you continue browsing the site, you agree to the use of cookies on this website. Corporate social responsibility fachhochschule kiel. Business ethics, corporate social responsibility, and. Research in this area have found csr choice to be positively associated with.
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