Corporate Social Responsibility and the Board’s Role in Switzerland

Pascal Gantenbein and Christophe Volonté
Additional contact information
Pascal Gantenbein: University of Basel

Chapter 11 in Board Directors and Corporate Social Responsibility, 2012, pp 202-214 from Palgrave Macmillan

Abstract: Abstract Corporate social responsibility (CSR) is a way of conducting business that integrates the interests of all stakeholders, not only those of shareholders. Stakeholders include customers, employees, suppliers, distributors, regulators, politicians, the state, the ecology, and the community. Thereby, firms explicitly accept their responsibility to society as a whole. In consequence, CSR extends the spectrum of traditional corporate governance which aims to reduce wrong managerial behavior that counters shareholders’ interests arising from the principal-agent problem. In this agency context, shareholders have to be protected from managers who may use investor’s money for purposes other than maximizing shareholder return. For instance, managers may waste financial resources on unprofitable projects.

Keywords: Corporate Social Responsibility; Corporate Governance; Fair Trade; Audit Committee; Corporate Social Responsibility Activity (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-38930-4_11

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230389304

DOI: 10.1057/9780230389304_11

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().