Legal Regulation of CSR in Weak Economies: The Case of Bangladesh

Mia Mahmudur Rahim
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Mia Mahmudur Rahim: Queensland University of Technology

Chapter Chapter 6 in Legal Regulation of Corporate Social Responsibility, 2013, pp 179-273 from Springer

Abstract: Abstract The aim of this chapter is to assess the extent to which laws relating to CSR in Bangladesh might contribute to including CSR as a central theme in self-regulated corporate responsibility. It explains why the major Bangladeshi laws relating to corporate regulation and responsibility do not possess the required features necessary to compel corporate self-regulators to contribute to developing a socially responsible corporate culture in this country. It argues that development of a socially responsible corporate culture in Bangladesh should not rely on either corporate self-regulation or authoritative modes of regulation. Rather, this should be based on a combination of force majeure and economic incentive-based legal strategies, as long as civil society, the media, NGOs, and the consumers of Bangladesh are able to systematically monitor corporate self-regulation.

Keywords: Corporate Social Responsibility; Corporate Governance; Social Compliance; Corporate Social Responsibility Initiative; Corporate Social Responsibility Practice (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_6

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DOI: 10.1007/978-3-642-40400-9_6

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