The current economic situation has highlighted deficiencies in corporate governance while also showing the importance of stakeholder relations. It has also raised the profile of the debates regarding corporate social responsibility and shown the inter-relationship with governance. And the two together are essential for sustainable business. The social and environmental contexts of business are generally considered to be as significant as the economic and financial contexts and good governance will address all of these aspects. The combination of these aspects offers long term benefits for a firm, such as reducing risk and attracting new investors, shareholders and more equity as well as sustainable performance. Written by experts from all over the world, A Handbook of Corporate Governance and Social Responsibility is the most authoritative single-volume guide to the relationship between good governance and social responsibility and the reality of managing both. In addition to the theory and practice of governance and CSR, the book includes case studies from large and small organizations and NGOs to highlight examples of good and bad practice, and to show international and cultural similarities and differences while at the same time furthering the debate regarding the relationship between good governance and social responsibility.
Table of Contents
Contents: Overview, GÃ¼ler Aras and David Crowther; Part I Theoretical Overview: A Luhmannian in the playground - corporate social responsibility from a systems-theoretic perspective, Juliane Riese; What is 'good' corporate governance?, Dominique Bessaire, Céline Chatelin and Stéphane Onnée; Redefining sustainability, GÃ¼ler Aras and David Crowther; The social contract of business in society, Sandra Waddock; The shifting meaning of sustainability, Mary A. Kaidonis, Natalie P. Stoianoff and Jane Andrew; Corporate social responsibility and accounting, Stuart Cooper; Responsible practices in small and medium enterprises, Antonio Vives. Part II Applying Corporate Governance: Trends in corporate governance, Wallace N. Davidson III, Sameh Sakr and Hongxia Wang; Corporate governance - responsibilities of the board, Maria Aluchna; Shareholder rights and stakeholder rights in corporate governance, Mirella Damiani; The regulatory and legal framework of corporate governance, Hillary Shaw; The agency problem and corporate governance, GÃ¼ler Aras and David Crowther; Auditing, product certification and corporate social responsibility, Charles Elad; Decisive risk management for corporate governance, Kurtay Ogunc; Corporate social responsibility - a broader view of corporate governance, GÃ¼ler Aras and David Crowther. Part III Applying Corporate Social Responsibility: The social responsibility of major shareholders, Marc Goergen and Luc Renneboog; External agencies and corporate social responsibility, David Birch; How globalization is affecting corporate social responsibility - dynamics of the interaction between corporate social responsibility and globalization, Ã–zer Ertuna and Bengi Ertuna; Responsibility and performance - social actions of firms in a transitional society, Deniz Erden and Muzaffer Bodur; Feasibility of corporate social responsibility activities practised by SMEs in Uzbekistan - a stakeholders' perspective, Bokhodir Ayupov and Iroda Komilova; Education
'Today's two most important business policy questions - corporate social responsibility and corporate governance impact each other in both direct and subtle ways. This collection rejects the conventional idea that these are separate topics and explores their points of contact, linkages, and their points of divergence. The book's broad and deep collection of ideas from around the world offer a complete, subtle and textured view of this critical intersection. It is essential reading for anyone interested in the modern business enterprise.' Kurt A. Strasser, University of Connecticut Law School, USA 'The governance and responsibilities of corporations are two of the major themes of recent years. Aras and Crowther have brought together a rich and varied set of contributions on these important topics. Those new to the field will find many of the key issues addressed, while those familiar with the existing literature will likewise find much of value.' Christopher J Cowton, University of Huddersfield Business School, UK