Corporate Governance and Corporate Responsibility

2020 ◽  
pp. 421-436
Author(s):  
Pamela Ravasio
Keyword(s):  
Corporate Governance ◽  
Corporate Responsibility

scholarly journals The corporate governance contribution as a creation of value for commercial partnerships between service providers and logistic operators

2018 ◽  
Vol 9 (1) ◽  
pp. 194
Author(s):  
Carlos Alberto da Rocha ◽  
Orlando Roque Silva ◽  
Alessandro Marco Rosini
Keyword(s):  
Corporate Governance ◽  
Data Analysis ◽  
Corporate Responsibility ◽  
Service Providers ◽  
Evolutionary Process ◽  
Theoretical Research ◽  
Financial Risks ◽  
Supply Contracts ◽  
Future Supply

This theoretical research identified the possibility that Governance factors contribute as evidence of value in the relationships of commercial partnerships between Logistic Operators and service providers. The data analysis allowed to identify three possible levels of grouping due to the variables of facilitators of proximity of partnerships that showed that it is possible to have a relationship with transparence between the client company and its suppliers. Most of these groups of suppliers were characterized by the intention to share operating profits with the client company, with little tolerance to financial risks of joint investments and a tendency to sign future supply contracts. Transparency, ethics and corporate responsibility have contributed to the consolidation of these groupings of partnerships among companies, as well as creating a mutual and evolutionary process of full confidence in such a way that Corporate Governance becomes the main value factor for this relationship.

Sustainability, risk management and governance: towards an integrative approach

2014 ◽  
Vol 14 (5) ◽  
pp. 670-684 ◽  
Author(s):  
Joris-Johann Lenssen ◽  
Nikolay A. Dentchev ◽  
Ludwig Roger
Keyword(s):  
Corporate Governance ◽  
Financial Crisis ◽  
Common Good ◽  
Corporate Responsibility ◽  
Global Financial Crisis ◽  
Sufficient Conditions ◽  
Integrative Approach ◽  
Sustainable Business ◽  
Content Type ◽  
Sustainable Economy

Purpose – The purpose of this paper is to present a granulated governance perspective to face sustainability risks and challenges that our planet is facing. The authors argue that sustainability challenges should be addressed simultaneously at the individual, organizational, sectorial, national and supranational level. Financial institutions have a systemic impact on the economy, and on the functioning of our societies. Therefore, a culture of profit maximization and unbridled risk-taking, notwithstanding the external costs and impacts, contaminates not only the financial system and the economy, but also individual norms of responsibility. In this line of reasoning, the global financial crisis revealed the destabilizing effects on the economy, society and corporations and forms a serious impediment for sustainable business. This is a huge challenge for sustainability business and corporate governance; however, it is an illusion to think that managers can prevent scandals and moral norm deterioration without support from other social players. Design/methodology/approach – This paper offers a conceptual analysis on the past financial crisis (2008-2012). It questions the focus on sustainability at the corporate level, and suggests a more comprehensive method for governance. The authors argue in favour of sustainability implementation, combining different governance levels. Findings – The double-dip financial crisis 2008-2012 showed the failure of an unsustainable global system. It becomes clear that corporate responsibility and corporate governance are limited in their contribution to sustainable business in a sustainable economy. Hence, it is important to have a more integrated approach to address sustainability risks, with a solution at individual, sectorial, national and supranational governance levels. Research limitations/implications – This contribution advances five different levels of governance to mitigate risks for sustainable business, arguing in favour of integrated governance for sustainability risks. However, an empirical validation of these ideas still needs to be developed. Future empirical research is needed to validate the five levels of governance. Future research is also needed to better grasp the mechanisms in support of governance. Practical implications – Corporate responsibility and corporate governance are necessary but not sufficient conditions to address the sustainability risks one faces. All actors in the economy recognize that governance for sustainable business in a sustainable economy is a collaborative effort for which neither legislative nor institutional or behavioural norms are developed in an integrated way. They should also recognize that integrated governance is not only imperative for the common good, but also in the direct interest of shareholders and other stakeholders. Originality/value – This paper contributes to the literature on corporate responsibility and corporate governance with the identification of specific roles for regulators, sector representatives and individuals, which are complementary to the role of the companies in creating the conditions for sustainable business in a sustainable economy.

scholarly journals Corporate Social Responsibility and Corporate Governance

2016 ◽  
Author(s):  
Cynthia A. Williams
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Social Welfare ◽  
Empirical Evidence ◽  
Corporate Responsibility ◽  
Business Law ◽  
Corporate Behavior ◽  
Governance Systems ◽  
Corporate Social

Corporate social responsibility is a subject of growing importance in business and law. Today, no analysis of corporate governance systems would be complete without considering the pressures on companies to be seen as responsible corporate citizens. This chapter provides a descriptive overview of developments in the field, including increasing voluntary and required environmental, social, and governance (ESG) disclosure; and proliferating voluntary and multilateral standards for responsible corporate behavior. It reviews some of the more significant empirical evidence on the financial results of companies’ implementation of corporate responsibility initiatives, including the effects of such initiatives on innovation, trust, and social welfare. It concludes with an analysis relating these developments to arguments about the objectives of the corporation and the shareholder/stakeholder debate—with particular reference to the argument between Cornell Distinguished Professor of Corporate and Business Law, Lynn A. Stout, and Chief Justice of the Delaware Supreme Court, Leo E. Strine, Jr.

scholarly journals EVALUASI PENERAPAN GOOD CORPORATE GOVERNANCE PADA PT. BNI TBK KANTOR CABANG PEMBANTU UNSRAT

2017 ◽  
Vol 12 (01) ◽  
Author(s):  
Jennifer Juliana Frans ◽  
Herman Karamoy ◽  
Victorina Z. Tirayoh
Keyword(s):  
Corporate Governance ◽  
Corporate Responsibility ◽  
Qualitative Data ◽  
Banking Industry ◽  
Secondary Data ◽  
Descriptive Research ◽  
Good Corporate Governance ◽  
Clarity Of Responsibility ◽  
Corporate Social ◽  
Charitable Activities

Implementation of Good Corporate Governance in the banking industry requires its own attention because the character of the banking industry is different from the industry in general. Good Corporate Governance is a bank governance that applies the principles of Transparency, Accountability, Responsibility, Independency, Fairness. The purpose of this study is to evaluate the application of the principles of Good Corporate Governance at PT. BNI Tbk kcp unsrat. The object of this research is PT BNI Tbk Kcp Unsrat. This research uses descriptive research design. The type of data used is qualitative data. Sources of data used are primary and secondary data. The research results show that with the implementation of the principles of Good Corporate Governance Bank BNI has applied the principle of openness well. The clarity of responsibility for the execution of functions and tasks is appropriate. Corporate responsibility is carried out in the presence of corporate social responsibility or CSR in the form of charitable activities. The Bank is managed independently in accordance with what has been implemented by BNI. Bank BNI Tbk has provided fair and equitable treatment.Keywords : Transparancy, Accountability, Responsibility, Independence, Fairness

PUBLIC SECTOR REFORMS IN INDIA : DISINVESTMENT

2015 ◽  
Vol 6 (01-02) ◽  
Author(s):  
Om Shankar Gupta
Keyword(s):  
Corporate Governance ◽  
Private Sector ◽  
Capital Market ◽  
Corporate Responsibility ◽  
Financial Burden ◽  
Management Control ◽  
Law And Order ◽  
Public Sector Reforms ◽  
Essential Services ◽  
The Government

The process of disinvestment is going on not only in India but also in China, Russia, Brazil, Taiwan, Hungary, Thailand, Philippines, Korea, Turkey, Poland, West Asia, Zambia and Vietnam . Object of disinvestment is to reduce the financial burden on the government, improve public finances, introduce competition and market discipline, funds growth, encourage wider share of ownership and depoliticize non-essential services. Disinvestment improves corporate governance, develops and deepens the capital market through spread of equity culture, enhances corporate governance with the induction of independent directors developing and deepening of capital market, developing infrastructure, defence, education, healthcare and law and order. Private sector involves in PSUs by disinvestments. There are a lot of merits in private sector. In private sector, the decision-making process is quick, decisions are liked with the competitive markets changes. In private sector, better corporate governances, exposure, competitive corporate responsibility and transparency are found. The loss making PSUs can be successfully revived by asking the strategic partners to infuse fresh capital and exercising excellent management control over sick PSUs.

THE EMERGENCE OF CORPORATE SOCIAL RESPONSIBILITY—ISSUES FOR THE AUSTRALIAN OIL AND GAS SECTOR

2003 ◽  
Vol 43 (1) ◽  
pp. 717
Author(s):  
A.T. Keaney
Keyword(s):  
Corporate Governance ◽  
Public Relations ◽  
Social Responsibility ◽  
Corporate Responsibility ◽  
Oil And Gas ◽  
Investment Funds ◽  
Public And Private ◽  
Community Activities ◽  
Director Liability ◽  
Oil And Gas Sector

Recent times have seen a rise in expectations in companies’ accountability as good corporate citizens. This trend has seen an increased emphasis on corporate governance and director liability. Further disclosure is now required and/or expected against a number of measures including environmental adherence, community activities and employee relations.At the same time companies are now subject to heightened shareholder activism as well as the growth of ethical investment funds which require companies to meet certain standards of corporate behaviour before they will invest.With the recent collapse of several major Australian companies and the consequent scrutiny of their corporate behaviour, and the revelation of instances of massive levels of corporate impropriety in the US, the above trend can be expected to grow. This paper discusses:the main platforms of corporate responsibility currently on the public agenda including:good corporate governance and director liability;environmental responsibility (sustainability rather than compliance); andother areas of social responsibility including treatment of employees and preservation of employee entitlements;the regulatory issues surrounding corporate responsibility, in particular under the Corporations Act;the risks and rewards of engaging in or ignoring this process. The risks might include potential director liability and public relations issues. The rewards may include access to additional public and private capital; andissues in this debate of particular relevance to the upstream oil and gas sector.

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