Legal Strategies for Incorporating CSR Principles in Corporate Self-Regulation

Mia Mahmudur Rahim
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Mia Mahmudur Rahim: Queensland University of Technology

Chapter Chapter 4 in Legal Regulation of Corporate Social Responsibility, 2013, pp 95-127 from Springer

Abstract: Abstract Developing a normative strategy for incorporating CSR in corporate self-regulation through legal regulation is difficult but important. It is difficult, as legal regulation could be detrimental to business development if it narrows the scope of innovation in business and becomes a barrier to companies’ usual business practices. It is important, as civil society, being sceptical of the role of companies’ voluntary responsibility for social development, needs this normative basis to further the arguments for CSR in a well-articulated manner. The previous chapter has discussed the theoretical basis for incorporating CSR principles in corporate self-regulation. This chapter discusses the basis and type of regulatory strategies for this incorporation. It presents the ‘third perspective’ as the normative basis for implementing CSR principles in corporate self-regulation through legal regulation.

Keywords: Corporate Social Responsibility; Business Ethic; Social Responsibility; Corporate Governance; Legal Regulation (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-642-40400-9_4

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DOI: 10.1007/978-3-642-40400-9_4

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