The Impact of Corporate Social Responsibility on Corporate Governance: The Rise of Standardization of CSR Principles

Mia Mahmudur Rahim ()
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Mia Mahmudur Rahim: Queensland University of Technology

Chapter Chapter 5 in Corporate Social Responsibility in the Global Business World, 2014, pp 93-113 from Springer

Abstract: Abstract The synergy between corporate social responsibility (CSR) and corporate governance (CG) has changed the commercial environment. It has developed a complex and multi dimensional organizational phenomenon that could be defined as the extent and the way in which a business corporation can pragmatically respond to its consumer and society. This synergy has joined the political endeavours to make corporations more attuned to public, environmental and social needs. It has standardized CSR principles and created the agencies specialized in broader ethical considerations of business corporations. This chapter deals with these issues. It assesses how the impact of CSR on CG has contributed to the standardization of CSR principles and the rise of agencies specialized in facilitating social responsibility performance of business corporations.

Keywords: Corporate Social Responsibility; Social Responsibility; Corporate Governance; Business Case; Business Enterprise (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-37620-7_5

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DOI: 10.1007/978-3-642-37620-7_5

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