scholarly journals Corporate Governance In Relation To The Enhancement Of Social Responsibility

2008 ◽  
Vol 3 (2) ◽  
pp. 19-28 ◽  
Author(s):  
Matej Lahovnik
Keyword(s):  
Corporate Governance ◽  
Social Responsibility ◽  
Longitudinal Research ◽  
Social Consequences ◽  
Strategic Behaviour ◽  
Strategic Objective ◽  
The Social ◽  
Self Interest ◽  
External Shareholders ◽  
Corporate Social

Paper argues that managers have the obligation to make choices and take actions that will contribute to the welfare and interests of society as well as the organisation. Social responsible behaviour is actually in a company's self interest. Therefore the company must take the social consequences into account when formulating strategies. Still there are those scholars who argue that considerations of social responsibility should not enter into the decision process. However, many institutional investors pay attention to corporate social behaviour and thus influence the market for a company's stock. Our conclusions are based on a longitudinal research method. We made three consecutive research studies on the characteristics of corporate governance in Slovenia in the period 1998 to 2006. We compare the results of our studies made in 1998 and 2002 with the latest results in 2006. The most important long-term strategic objective of Slovenian companies is growth. The share of Slovenian companies not considering equity opportunity costs has decreased significantly in the last six years due to the consolidation of ownership structures. The controlling owners are more active in setting the required rate of return on their equity investments. There is no conflict of interests between internal and external shareholders in most companies. Obviously, Slovenian companies have changed their strategic behaviour to reflect the interests of their stakeholders. We may argue that some stakeholders, like customers and employees, are even more important for Slovenian managers than the owners.

scholarly journals Corporate Social Responsibility – vom Reputationsmanagement zum politischen Projekt

2011 ◽  
Vol 41 (164) ◽  
Author(s):  
Luise Görges ◽  
Ulf Kadritzke
Keyword(s):  
Corporate Social Responsibility ◽  
New Media ◽  
Social Responsibility ◽  
Social Consequences ◽  
Corporate Misconduct ◽  
Corporate Power ◽  
The Social ◽  
History Of ◽  
New Social Movement ◽  
Corporate Social

Luise Görges, Ulf Kadritzke: Corporate Social Responsibility – from Reputation Managementto the Strategic Advance of Corporate Power. This history of CSR exemplifies theadvancement of corporate power in the process of capitalist globalization. Initially started inresponse to reports on the violation of human rights, the transnational corporations (TNCs)managed to design the CSR concept as a voluntary and highly selective commitment to bridgethe gap between the rhetoric and the reality of corporate conduct. With the worldwide rise ofthe neoliberal paradigm in economic and social policy, these CSR-concepts were combinedinto a capital-dominated CSR-complex. The article tries to reconstruct the scientific, politicaland ideological roots of the concept and the steps transforming the corporate CSR-movementinto a successful ‘industry’. But the company-driven CSR is consistently confronted withactors and actions of a new social movement (including NGOs as well as unions). Theseorganizations of civil society steadily uncover the social consequences of corporate globalstrategies. The so far asymmetric balance of power may nevertheless give NGOs and theirallies– backed by the new media – a chance to lay open corporate misconduct and demonstratethe main ‘performance’ of global corporate power: the deepening of class polarization andecological instability.

Corporate social responsibility, governance and stakeholders: a bank in the upbeat of the crisis

2016 ◽  
Vol 12 (4) ◽  
pp. 388-412 ◽  
Author(s):  
Frank Jan de Graaf
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Governance Structure ◽  
Governance System ◽  
Content Type ◽  
Social Responsibilities ◽  
The Social ◽  
Corporate Social ◽  
A Company

Purpose Using the global financial crisis as a critical event and based on institutional theory and stakeholder theory, this paper aims to explore the relationship between corporate governance and corporate social responsibility (CSR). The question is how stakeholders can influence corporate responses to societal change by using their position in the governance structure. Design/methodology/approach The analysis is based on a historical analysis of data collected mainly between 2002 and 2004. The historical perspective enables an understanding of the response of the company to environmental changes. Findings The approach enables researchers to relate the normative component of CSR to specific governance mechanisms. These governance mechanisms are specified in direct and indirect influence pathways. Historical data shed light on how, in the upbeat of the crisis, stakeholders have influenced the principles and policies of the ING Group, a Dutch financial company. Research limitations/implications The paper suggests that stakeholders influence principles – normative assumptions that guide corporate decisions – mainly in dialogue-based meetings (direct influence pathways). Companies are made accountable in indirect influence pathways such as regulations. The author also demonstrates that a historical approach enables an understanding of long-term historical developments and the linking of corporate policies to the normative assumptions of stakeholders. Practical implications If stakeholders wish to assess the social responsibility of a company, then they should assess the governance structure in relation to the principles and policies. The power structure within a company and that within the institutional framework in which the company operates (the governance system) strongly influences how a company executes its social responsibilities. Social implications The paper demonstrates how stakeholders can use the governance structure to influence a bank. If society – or a specific group in society – wants banks to play a different role, this paper points to what could be the levers of change in the governance system and the governance structure. Originality/value Insights into the complex relationship between corporate governance and the processes in which the social responsibilities of a company are developed.

scholarly journals Corporate Social Responsibility

2020 ◽  
Vol 4 (2) ◽  
pp. 110-115
Author(s):  
Ellen Hertz
Keyword(s):  
Social Responsibility ◽  
Chicago School ◽  
Economic Thought ◽  
Corporate Managers ◽  
The Public ◽  
The Social ◽  
Self Interest ◽  
Environmental Considerations ◽  
Corporate Social ◽  
Social Causes

‘The business of business is business,’ Milton Friedman, a leading figure of the Chicago School of economic thought, famously declaimed. In his 1970 article, ‘The Social Responsibility of Business Is to Increase Its Profits’, he argued that corporate managers who factor social and environmental considerations into their decision-making are, in effect, ‘imposing taxes . . . and deciding how the tax proceeds shall be spent’. By deviating from their organizational duties—maximizing profits for the companies that employ them—they are appropriating money owed to shareholders and allocating it to broader social causes, a function that resembles government. Friedman objects to this behavior not on economic or legal but on political grounds: managers have not been elected and there are no principled procedures for determining which causes to support beyond ‘general exhortations from on high’ (Friedman 1970: 17). He also expresses scepticism about ‘hypocritical window-dressing’, concluding: ‘our institutions, and the attitudes of the public make it in their self-interest to cloak their actions in this way’ (Friedman 1970: 17).

Pareto-Superiority of Corporate Social Responsibility in Unionised Industries

2019 ◽  
Vol 19 (2) ◽  
pp. 131-150 ◽  
Author(s):  
Luciano Fanti ◽  
Domenico Buccella
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Social Welfare ◽  
The Social ◽  
Self Interest ◽  
Social Concerns ◽  
Corporate Social ◽  
Profit Maximisation ◽  
Csr Engagement ◽  
Central Level

Economists believe that a firm’s engagement in Corporate Social Responsibility (CSR) is motivated by objectives beyond increasing profits. Using a duopoly framework with convex technology and an industry-wide union-setting wage at the central level, this work shows that, when owners cooperatively select a level of CSR engagement, profits under CSR are higher than under standard profit maximisation; thus, the simple self-interest of firms’ owners leads to the adoption of CSR. Moreover, the union, consumers, and the overall social welfare in the presence of CSR activities are higher than without CSR. As such, the social concerns of firms’ owners yield a Pareto-superior outcome. JEL: J51, L13, M14

Stakeholders expectations for CSR-related corporate governance disclosure: evidence from a developing country

2021 ◽  
Vol 29 (2) ◽  
pp. 97-127 ◽  
Author(s):  
Yousuf Kamal
Keyword(s):  
Corporate Governance ◽  
Social Responsibility ◽  
News Media ◽  
Government Officials ◽  
Content Type ◽  
Social Audit ◽  
The Social ◽  
Union Leaders ◽  
Governance Practices ◽  
Corporate Social

PurposeThe purpose of this paper is to explore stakeholders' expectations in relation to corporate social responsibility (CSR)–related corporate governance practices. The paper aims to understand how stakeholders' expectations potentially translate into the disclosure of information about CSR-related corporate governance practices.Design/methodology/approachThe evidence for this study was collected using semi-structured in-depth personal interviews with 18 stakeholders. These include representative of multinational buying companies who source garments from Bangladesh, international as well as local NGOs, news media personnel, senior government officials, trade union leaders and social audit firm.FindingsThis paper finds evidence of stakeholders' dissatisfaction with the disclosures of governance information which tended to be viewed as limited and symbolic in nature. It also finds an apparent disconnection between stakeholder expectations and corporate disclosures.Originality/valueThis paper finds an alternative media of disclosures, for communicating social responsibility related governance information to the stakeholders, which has so far, been neglected by the social accounting researchers.

scholarly journals Empirical Research on Corporate Social Responsibility and its Management

2019 ◽  
Vol 25 (1) ◽  
pp. 274-279
Author(s):  
Leontin Stanciu ◽  
Cristian-Lucian Stanciu
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Empirical Research ◽  
Social Impact ◽  
Strategic Objective ◽  
Modern Economy ◽  
The Social ◽  
Concept Evolution ◽  
Corporate Social

Abstract In the context of a modern economy, maximizing the value of economic entities cannot be achieved only through basic activities. The fulfillment of this strategic objective implies the conduct of other types of activities bearing a social impact, brought together under the concept of corporate social responsibility. In this context, the authors intend to empirically investigate the social responsibility, both in terms of concept, evolution, and management, at the level of the economic entities and to argue the necessity of extending it at a microeconomic level for a sustainable development.

scholarly journals Prácticas de responsabilidad social y gobierno corporativo. Un análisis para el sector bancario de Sugamuxi

Tendencias ◽  
2015 ◽  
Vol 16 (2) ◽  
pp. 147
Author(s):  
José Javier González Millán ◽  
Miryam Teresa Rodríguez Díaz ◽  
Jenny Mairena Herrera Rodríguez
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Social Environment ◽  
Banking Sector ◽  
Descriptive Analysis ◽  
Field Research ◽  
Statistical Technique ◽  
The Social ◽  
Corporate Social

Es claro hoy que la implementación de las prácticas de Responsabilidad Social Empresarial (RSE) y Gobierno Corporativo (G.C.) se está extendiendo progresivamente en las empresas como consecuencia de las diferentes presiones que reciben del entorno social así como del desarrollo de su propia conciencia empresarial. El presente artículo refiere los resultados de la investigación de campo hecha al  sector bancario del valle de Sugamuxi, donde se aplicaron 170 encuestas a los Stakeholders asociados a las 10 entidades existentes en el Valle de Sugamuxi, la cual versará en primer lugar sobre las generalidades de la RSE y G.C., adicionalmente se caracterizaron los procesos de RSE, se identificaron las prácticas de G.C. En la parte metodológica, el tipo y método de estudio fue el descriptivo – explicativo; la técnica estadística utilizada propuesta es el análisis descriptivo (frecuencias), por último, la investigación da cuenta de las entidades bancarias poseen un nivel aceptable en mayor grado en terminos de la RSE, mas no en igual sentido en lo referente al G.C. ABSTRACTIt is clear today that the implementation of the practices of Corporate Social Responsibility (CSR) and Corporate Governance (CG) is spreading steadily in business due to the different pressures they receive from the social environment and the development of its own corporate awareness, Therefore, this article refers to the results of field research made the banking sector of Sugamuxi Valley, where 170 surveys were applied to the stakeholders associated with the 10 existing in the Valley of Sugamuxi entities, which will deal first place on the generalities of CSR and GC additionally CSR processes were characterized GC practices were identified in the methodological part, the type and method of study was descriptive - explanatory; given the statistical technique used is the descriptive analysis (frequency) finally realizes research banks have an acceptable level greater extent in terms of CSR, but not in the same direction in relation to CG. RESUMOÉ hoje evidente que a implementação das práticas de Responsabilidade Social Empresarial (RSE) e Governança Corporativa (GC) está se espalhando de forma constante nos negócios devido às diferentes pressões que recebem do ambiente social e do desenvolvimento da sua própria consciência corporativa, Portanto, este artigo refere-se aos resultados de pesquisa de campo feita sector bancário Sugamuxi Valley, onde 170 inquéritos foram aplicadas às partes interessadas associadas com os 10 existentes no Vale de entidades Sugamuxi, que tratará primeiro colocar nas generalidades da RSC e GC, outros processos foram caracterizados CSR, práticas de GC foram identificados na parte metodológica, o tipo e método de estudo foi descritivo - explicativo; dada a técnica estatística utilizada é a análise descritiva (freqüência) finalmente percebe bancos de investigação têm um nível aceitável maior medida, em termos de responsabilidade social das empresas, mas não na mesma direção em relação ao GC

scholarly journals Corporate Social Responsibility in Liquid Times: The Case of Romania

2021 ◽  
Author(s):  
Georgiana Grigore ◽  
Mike Molesworth ◽  
Andreea Vontea ◽  
Abdullah Hasan Basnawi ◽  
Ogeday Celep ◽  
...  
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Cultural Context ◽  
Unintended Consequences ◽  
Social Progress ◽  
Non Profit ◽  
The Social ◽  
Self Interest ◽  
Corporate Social ◽  
Depth Interviews

AbstractExisting scholarly work on corporate social responsibility (CSR) frequently emphasizes either normative/ethical claims about social progress or instrumental/strategic claims about corporate effectiveness, yet less often acknowledges the moral conditions of those undertaking CSR within a specific cultural context. In this paper, we draw attention to the social conditions in which CSR takes place and the related ethics of the subjects that must enact it. Our approach is to document the lived experiences of practitioners in Romania, a post-communist society. Drawing from fifty-three depth interviews with both corporate responsibility practitioners, and managers in non-profit organizations who together work on CSR projects, we describe their experiences of the social and organizational environment, the CSR practices that are undertaken in this context, and the intended and unintended consequences of such work. Using Bauman’s theorization of ethics, including adiaphora and moral distancing, and Borţun’s interpretation of Romanianness, we then theorize liquid CSR as an ambivalence between adiaphoric practice (instrumental morality, careerism and self-interest) and the moral impulse to do good, resulting in both intended (short-term promotion and competitive victimhood) and unintended consequences (a potential for corruption and collateral beneficiaries).

scholarly journals ANALISIS IMPLEMENTASI COORPORATE SOSIAL RESPONSIBILITY (CSR) BERDASARKAN PRINSIP GOOD COORPORATE GOVERNANCE DI PT. BIO NUSANTARA TEKNOLOGI

2015 ◽  
Vol 1 (2) ◽  
Author(s):  
Evi Lorita
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Community Development ◽  
Social Responsibility ◽  
Local Community ◽  
Well Being ◽  
Social Program ◽  
Good Corporate Governance ◽  
The Social ◽  
Corporate Social

This research aims to investigate the implementation and factors that impede the implementation of Corporate Social Responsibility (CSR) which is based on the principle of Good Corporate Governance Good Corporate Governance (GSG) in PT. Bio Nusantara Teknologi. This research uses a descriptive method of analysis with a qualitative approach and data collection performed by the method of instrumental case studies, documentary studies, and natural observation (observation depth). The results show that six areas of activity that the CSR programs have been implemented by PT. BNT to improve well being communities are Education, Social Affairs / Religion, Health, Infrastructure, Economic and Environmental Affairs. Second, funds budgeted in the implementation of CSR programs at the PT. BNT were fit with the intelligence of UUPM No.25 Tahun 2007 in the amount of 1-5% of the company's profit after tax. Third, the social sector undertaken by PT.BNT to the CSR programs simply touch the community, where it is seen from the social program / religion that has been done, the areas of health and education.As for the program of environment and the economy has not been so touching peoples. Fourth, CSR applied by PT. BNT based GCG show that the implementation is not visible transparent principles, accountability, responsibility and fairness. Fifth, the existence of CSR programs in the form of community development that has been carried out by PT.BNT still lacks of impacts and benefits to improve the welfare of the local community, because of lack of fulfilling wishes of local communities, especially in the fields of economics, education and infrastructure development.And sixth, the implementation of CSR programs in the form of community development in the PT.BNT reap many obstacles and challenges, such as lack of budget funds and the scope and location of the village area around the company, so that distribution is not equitable relief. Keywords: implementation analysis, corporate social responsibility, good corporate governance

scholarly journals PUBLIC CONTRIBUTION ROADMAP ASTRA DALAM UPAYA PENINGKATAN KESEJAHTERAAN MASYARAKAT

2020 ◽  
Vol 7 (2) ◽  
pp. 265
Author(s):  
Rachmat Putro Ferdiawan ◽  
Ari Afriansyah ◽  
Santoso Tri Raharjo ◽  
Nandang Mulyana
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Business Ethics ◽  
Social Responsibility ◽  
Social Welfare ◽  
Corporate Citizenship ◽  
The Public ◽  
Good Corporate Governance ◽  
The Social ◽  
Corporate Social

ABSTRAKCorporate Social Responsibility (CSR) merupakan komitmen perusahaan untuk peduli terhadap lingkungan dan masyarakat dalam upaya mewujudkan kesejahteraan sosial secara berkelanjutan melalui relasi harmonis dengan para pemangku kepentingan khususnya masyarakat sekitar. Tulisan ini bertujuan untuk menggambarkan program tanggung jawab sosial (CSR) PT. Astra Internasional dalam membantu kesejahteraan sosial masyarakat. Beberapa indikator CSR untuk menggambarkan implementasi program tersebut adalah tujuan tanggung jawab sosial perusahaan, masalah sosial perusahaan, dan program hubungan perusahaan. Indikator kesejahteraan hidup terkait dengan kemajuan dalam bidang kesehatan, pendidikan, dan ekonomi. Peranan CSR kepada masyarakat dapat dipandang sebagai upaya untuk mewujudkan good corporate governance, good corporate citizenship dan good business ethics dalam sebuah entitas kehidupan dunia bisnis. Sejak awal perkembangannya Astra memiliki cita-cita untuk sejahtera bersama bangsa, dengan butir pertama dalam filosofi Catur Dharma Astra, yang berbunyi “Menjadi Milik yang Bermanfaat bagi Bangsa dan Negara”. Untuk meraih cita-cita ini, Astra terus merangsang upaya-upaya pertumbuhan Indonesia yang berkelanjutan dan berimbang baik itu dari segi ekonomi, sosial maupun lingkungan melalui Public Contribution Roadmap. Pelaksanaan program-program tanggung jawab sosial Astra berpedoman pada pengembangan program empat pilar CSR Astra yang sejalan dengan hasil pemetaan sosial, dampak proses bisnis, dan Public Contribution Roadmap 2020. Dengan panduan Public Contribution Roadmap, Astra melaksanakan tanggung jawab sosial baik dalam pengelolaan Lingkungan, Keselamatan dan Kesehatan Kerja (LK3) serta 4 pilar Corporate Social Responsibility (CSR) Astra yang berkontribusi dalam upaya peningkatan kesejahteraan masyarakat Indonesia.Kata kunci: Kata kunci: CSR, kesejahteraan sosial, pembangunan berkelanjutan ABSTRACTCorporate Social Responsibility (CSR) is a company's commitment to care for the environment and society in an effort to realize social welfare in a sustainable manner through harmonious relations with stakeholders, especially the surrounding community. This paper aims to describe the social responsibility (CSR) program of PT. Astra International in helping the social welfare of the community. Some CSR indicators to illustrate the implementation of the program are the objectives of corporate social responsibility, corporate social issues, and corporate relations programs. Life welfare indicators are related to progress in the fields of health, education, and economy. The role of CSR to the community can be seen as an effort to realize good corporate governance, good corporate citizenship and good business ethics in an entity living in the business world. Since the beginning of its development, Astra has aspirations for prosperity with the nation, with the first point in the philosophy of the Catur Dharma Astra, which reads "Being a Beneficial Property of the Nation and Country". To achieve this goal, Astra continues to stimulate Indonesia's sustainable and balanced growth efforts both in economic, social and environmental terms through the Public Contribution Roadmap. The implementation of Astra's social responsibility programs is guided by the development of Astra's four pillars of CSR in line with the results of social mapping, the impact of business processes, and the Public Contribution Roadmap 2020. With the guidance of the Public Contribution Roadmap, Astra implements social responsibility both in managing the Environment, Safety and Occupational Health (LK3) and the four pillars of Astra's Corporate Social Responsibility (CSR) which contribute to efforts to improve the welfare of the Indonesian people.Keywords: CSR, social welfare, sustainable development

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