The interface between Corporate Governance and Corporate Social Responsibility and its relevance for the financial and insurance sector

Lutgart van Den Berghe and Céline Louche ()

Vlerick Leuven Gent Management School Working Paper Series from Vlerick Leuven Gent Management School

Abstract: Based on the argument that Corporate Social Responsibility is not just a fashion but rather the future from another angle, this paper explores the link between corporate governance and corporate social responsibility in insurance. Although insurance industries have been less exposed to criticisms than other sectors, like any other business, they are subject to increasing societal scrutiny. After a reconsideration of the corporate governance paradigms and mechanisms, the paper analyses the relevance of corporate social responsibility and corporate governance for the insurance sector. It explores its positive and negative externalities and its role as institutional investor. The paper also provides policy recommendations for mainstreaming corporate social responsibility within the sector.

Keywords: Note (search for similar items in EconPapers)
Pages: 52 pages
Date: 2005-01-17
New Economics Papers: this item is included in nep-bec and nep-ias
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