Abstract
It is clear that the question of why an organization exists can be partly understood by analyzing its ownership and administrative structure, which is today within the field of corporate governance (CG). In a broader sense, CG has included almost all issues about the operations of a business organization. Among these issues, the emphasis on recognizing the stakeholders’ rights and creating cooperation for wealth, jobs, and the sustainability has become particularly relevant for the management of companies. Today, most people view businesses as the entities that exist to meet the expectations and interests of different stakeholders. Therefore, how a business accomplishes such a complex task of satisfying diverse stakeholders’ needs and wants has become the subject of an ongoing debate during the last decades and the response partly depends on integrating CG with CSR. The current chapter tries to address the paradox of conceptualization in between CG and CSR. Then it defines the traditional and brand new responsibilities of companies in the nexus of CG and CSR.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Arjoon, S. (2005). Corporate governance: An ethical perspective. Journal of Business Ethics, 61, 343–352.
Bain, M. (2017). H&M’s new brand, Arket, names the factory that made its clothes. But the name isn’t enough. Quartz. Accessed September 15, 2017, from https://qz.com/1064098/hms-new-brand-arket-is-fashions-transparency-conundrum-in-a-nutshell/
Balakrishnan, A. (2017). Uber employees voted on the new company culture – And it looks a lot like Google and Amazon. CBNC. Accessed November 25, 2017, from https://www.cnbc.com/2017/11/07/ubers-new-cultural-norms.html?view=story&%24DEVICE%24=native-android-tablet
Bhimani, A., & Soonawalla, K. (2005). From conformance to performance: The corporate responsibilities continuum. Journal of Accounting and Public Policy, 24(3), 165–174.
Boyd, D. E., Spekman, R. E., Kamauff, J. W., & Werhane, P. (2007). Corporate social responsibility in global supply chains: A procedural justice perspective. Long Range Planning, 40(3), 341–356.
Business & Human Rights. (2017). Rana Plaza building collapse, April 2013. Accessed September 15, 2017, from https://business-humanrights.org/en/rana-plaza-building-collapse-april-2013
Carroll, A. B. (1979). A three dimensional conceptual model of corporate social performance. Academy of Management Review, 4(4), 497–505.
Carroll, A. B. (1991). The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders. Business Horizons, 34(4), 39–48.
Carson, B., & Gould, S. (2017). Uber’s bad year: The stunning string of blows that upended the world’s most valuable startup. Accessed November 25, 2017, from http://www.businessinsider.com/uber-scandal-crisis-complete-timeline-2017-6/#february-19-the-beginning-1
Cheah, E., Jamali, D., Johnson, J. E. V., & Sung, M. (2011). Drivers of corporate social responsibility attitudes: The demography of socially responsible investors. British Journal of Management, 22, 305–323.
Dam, L., & Scholtens, B. (2012). Does ownership type matter for corporate social responsibility? Corporate Governance: An International Review, 20(3), 233–252.
Detrixhe, J. (2017). Almost everyone is angry at Ryanair’s CEO except shareholders. Quartz. Accessed November 25, 2017, from https://qz.com/1084720/ryanair-flight-cancellations-almost-everyone-is-angry-at-ryanairs-ceo-except-shareholders/
Eisenhardt, K. (1989). Agency theory: An assessment and review. Academy of Management Review, 14(1), 57–74.
Esa, E., & Ghazali, N. A. M. (2012). Corporate social responsibility and corporate governance in Malaysian government-linked companies. Corporate Governance: The International Journal of Business in Society, 12(3), 292–305.
European Central Bank. (2004). Annual report: 2004. ECB: Frankfurt, Glossary. Accessed November 17, 2017, from http://stats.oecd.org/glossary/detail.asp?ID=6778
Fayezi, S., O′Loughlin, A., & Zutshi, A. (2012). Agency theory and supply chain management: A structured literature review. Supply Chain Management: An International Journal, 17(5), 556–570.
Fiegerman, S. (2017). Uber CEO says company plans to go public in 2019. CNN. Accessed November 25, 2017, from http://money.cnn.com/2017/11/09/technology/uber-ipo-2019/index.html
Friedman, M. (1970, September 13). The social responsibility of business is to increase its profits. The New York Times Magazine.
GE Investor Update. (2017). Accessed November 25, 2017, from https://www.ge.com/investor-relations/sites/default/files/GE%20Investor%20Update_Presentation_11132017.pdf
Griswold, A. (2017). Now that Uber has a new CEO, employees say its board needs to “grow up”. Quartz. Accessed November 25, 2017, from https://qz.com/1067158/uber-has-a-new-ceo-dara-khosrowshahi-now-employees-say-its-board-needs-to-grow-up/?mc_cid=b70b661e39&mc_eid=cd003339d5
GurrĂa, A. (2009). Business ethics and OECD principles: What can be done to avoid another crisis? European Business Ethics Forum (EBEF). Accessed November 17, 2017, from http://www.oecd.org/corruption/businessethicsandoecdprincipleswhatcanbedonetoavoidanothercrisis.htm
Gustavson, R. (2009). The company directors’ perspective of corporate social responsibility. In S. O. Idowu & W. L. Filho (Eds.), Professionals’ perspectives of corporate social responsibility (pp. 97–117). Berlin: Springer-Verlag.
H&M. (2017). Code of conduct. Accessed August 01, 2017, from http://sustainability.hm.com/content/dam/hm/about/documents/en/CSR/codeofconduct/Code%20of%20Conduct_en.pdf
Halal, W. E. (2000). Corporate community: A theory of the firm uniting profit and responsibility. Strategy & Leadership, 28(2), 10–16.
Hancock, J. (Ed.). (2005). Investing in corporate social responsibility: A guide to best practice, business planning & the UK’s leading companies. London: Kogan Page.
Hart, O. (1995). Corporate governance: Some theory and implications. The Economic Journal, 105(430), 678–689.
Ho, C. (2005). Corporate governance and corporate competitiveness: An international analysis. Corporate Governance: An International Review, 13, 211–253.
Idowu, S. O. (2009). Corporate social responsibility from the perspective of corporate secretaries. In S. O. Idowu & W. L. Filho (Eds.), Professionals’ perspectives of corporate social responsibility (pp. 49–69). Berlin: Springer-Verlag.
IFC. (2014). About corporate governance. Accessed November 17, 2017, from http://www.ifc.org/wps/wcm/connect/Topics_Ext_Content/IFC_External_Corporate_Site/Corporate+Governance
Jamali, D., Hallal, M., & Abdallah, H. (2010). Corporate governance and corporate social responsibility: Evidence from the healthcare sector. Corporate Governance: The International Journal of Business in Society, 10(5), 590–602.
Jamali, D., Safieddine, A. M., & Rabbath, M. (2008). Corporate governance and corporate social responsibility synergies and interrelationships. Corporate Governance: An International Review, 16(5), 443–459.
Jo, H., & Harjoto, M. A. (2012). The causal effect of corporate governance on corporate social responsibility. Journal of Business Ethics, 106, 53–72.
Kang, N., & Moon, J. (2011). Institutional complementarity between corporate governance and corporate social responsibility: A comparative institutional analysis of three capitalisms. Socio-Economic Review, 10(1), 85–108.
Kasperkevic, J. (2016, May 31). Rana Plaza collapse: Workplace dangers persist three years later reports find. The Guardian. Accessed December 10, 2016, from https://www.theguardian.com/business/2016/may/31/rana-plaza-bangladesh-collapse-fashion-working-conditions
Khosrowshahi, D. (2017). 2016 Data security incident. Accessed November 25, 2017, from https://www.uber.com/newsroom/2016-data-incident/
Khullar, A. (2014). One year after Bangladesh’s Rana Plaza tragedy, has anything changed? CNN. Accessed September 15, 2017, from http://edition.cnn.com/2014/04/24/world/asia/bangladesh-rana-plaza-anniversary/index.html
Knudsen, J. S., Geisler, K., & Ege, M. (2013). Corporate social responsibility in the board room – When do directors pay attention? Human Resource Development International, 16(2), 238–246.
Kolk, A. (2006). Sustainability, accountability and corporate governance: Exploring multinationals’ reporting practices. Business Strategy and the Environment, 18(1), 1–15.
LeBaron, G., & Lister, J. (2016). Ethical audits and the supply chains of global corporations. SPERI Global Political Economy Brief No. 1/ Sheffield Political Economy Research Institute. http://speri.dept.shef.ac.uk/wp-content/uploads/2016/01/Global-Brief-1-Ethical-Audits-and-the-Supply-Chains-of-Global-Corporations.pdf
Lee, I. B. (2006). Ethical investing: Implications for corporate law and corporate social responsibility. In G. J. D. Rossouw & A. J. G. Sison (Eds.), Global perspectives on ethics of corporate governance (pp. 9–25). New York: Palgrave Macmillan.
MacLellan, L. (2017). European boards only think they value company culture. Quartz at Work. Accessed November 25, 2017, from https://work.qz.com/1126385/european-boards-only-think-they-value-company-culture/
Maon, F., Swaen, V., & Lindgreen, A. (2009). Mainstreaming corporate social responsibility: A triadic challenge from a general management perspective. In S. O. Idowu & W. L. Filho (Eds.), Professionals’ perspectives of corporate social responsibility (pp. 71–96). Berlin: Springer-Verlag.
McBarnet, D. (2006). Toward ethical compliance: Lessons from Enron. In G. J. D. Rossouw & A. J. G. Sison (Eds.), Global perspectives on ethics of corporate governance (pp. 27–38). New York: Palgrave Macmillan.
Monks, R. A. G., & Minow, N. (1995). Corporate governance. Cambridge: Blackwell Business.
Nakamura, E. (2013). The impact of shareholders’ types on corporate social responsibility: Evidence from Japanese firms. Journal of Global Responsibility, 4(1), 113–130.
Nielsen, R. P. (2003). Varieties and dynamics of constrained optimization. In H. Tsoukas & C. Knudsen (Eds.), The Oxford handbook of organization theory (pp. 476–501). Oxford: Oxford University Press.
Ntim, C. G., & Soobaroyen, T. (2013). Corporate governance and performance in socially responsible corporations: New empirical insights from a neo-institutional framework. Corporate Governance: An International Review, 21, 468–494.
OECD. (2004). OECD principles of corporate governance. Paris: OECD Publications.
OECD. (2014). Corporate governance and financial crisis. Accessed November 17, 2017, from http://www.oecd.org/daf/ca/corporategovernanceprinciples/corporategovernanceandthefinancialcrisis.htm
Peladeau, P., Herzog, M., & Acker, O. (2017). The new class of digital leaders. Strategy+Business. Accessed September 22, 2017, from https://www.strategy-business.com/article/The-New-Class-of-Digital-Leaders
Rahim, M. M., & Alam, S. (2014). Convergence of corporate social responsibility and corporate governance in weak economies: The case of Bangladesh. Journal of Business Ethics, 121(4), 607–620.
Rees, W., & Rodionova, T. (2013). What type of controlling investors impact on which elements of corporate social responsibility? Journal of Sustainable Finance & Investment, 3(3), 238–263.
Rees, W., & Rodionova, T. (2015). The influence of family ownership on corporate social responsibility: An international analysis of publicly listed companies. Corporate Governance: An International Review, 23(3), 184–202.
Reuters. (2016). Rana Plaza collapse: 38 charged with murder over garment factory disaster. The Guardian. Accessed September 15, 2017, from https://www.theguardian.com/world/2016/jul/18/rana-plaza-collapse-murder-charges-garment-factory
Reuters. (2017). Trial to begin of former Tesco executives accused of fraud. Accessed November 25, 2017, from https://uk.reuters.com/article/uk-britain-tesco-fraud/trial-to-begin-of-former-tesco-executives-accused-of-fraud-idUKKCN1BE0BW?mc_cid=b70b661e39&mc_eid=cd003339d5
Rossouw, G. J. (2005). Business ethics and corporate governance in Africa. Business & Society, 44(1), 94–106.
Rossouw, G. J. D., & Sison, A. J. G. (2006). Introduction. In G. J. D. Rossouw & A. J. G. Sison (Eds.), Global perspectives on ethics of corporate governance (pp. 1–6). New York: Palgrave Macmillan.
Sancha, C., Gimenez, C., & Sierra, V. (2016). Achieving a socially responsible supply chain through assessment and collaboration. Journal of Cleaner Production, 112(3), 1934–1947.
Scott, W. R. (2003). Organizations: Rational, natural, and open systems. Upper Saddle River, NJ: Prentice Hall International.
Shahin, A., & Zairi, M. (2007). Corporate governance as a critical element for driving excellence in corporate social responsibility. International Journal of Quality and Reliability Management, 24(7), 753–770.
Sievänen, R., Rita, H., & Scholtens, B. (2013). The drivers of responsible investment: The case of European pension funds. Journal of Business Ethics, 117(1), 137–151.
Sparkes, R. (2001). Ethical investment: Whose ethics, which investment? Business Ethics: A European Review, 10, 194–205.
Spitzeck, H. (2009). The development of governance structures for corporate responsibility. Corporate Governance: The International Journal of Business in Society, 9(4), 495–505.
Staley, O. (2017). GE is firing half its board as a new CEO cleans house. Quartz at Work. Accessed November 25, 2017, from https://work.qz.com/1133787/ge-is-firing-half-its-board-as-new-ceo-john-flannery-cleans-house/
Staley, O., & Slobin, S. (2017). Just how ridiculous is a “chief fun officer?” Let the Quartz Matrix of Chiefiness be your guide. Quartz. Accessed November 25, 2017, from https://work.qz.com/1025370/there-used-to-be-just-ceos-now-every-boss-seems-to-be-chief-of-something/
The Associated Press. (2017). Uber reveals cover-up of hack affecting 57M riders, drivers. Accessed November 25, 2017, from https://www.nytimes.com/aponline/2017/11/21/us/ap-us-uber-data-breach.html?rref=collection%2Fsectioncollection%2Faponline
Tuan, L. T. (2012). Corporate social responsibility, ethics, and corporate governance. Social Responsibility Journal, 8(4), 547–560.
Weber, M. (1906/1999). Protestan Ahlakı ve Kapitalizmin Ruhu. Ankara: Ayraç Yayınevi.
Welford, R. (2007). Corporate governance and corporate social responsibility: Issues for Asia. Corporate Social Responsibility and Environmental Management, 14(1), 42–51.
Westerman, A. (2017). 4 years after Rana Plaza tragedy, what’s changed for Bangladeshi garment workers? NPR. Accessed September 15, 2017, from http://www.npr.org/sections/parallels/2017/04/30/525858799/4-years-after-rana-plaza-tragedy-whats-changed-for-bangladeshi-garment-workers
Wheelen, T. L., & Hunger, J. D. (2010). Strategic management and business policy: Achieving sustainability. Upper Saddle River, NJ: Prentice Hall.
Wiengarten, F., Lo, C. K., & Lam, J. Y. (2017). How does sustainability leadership affect firm performance? The choices associated with appointing a chief officer of corporate social responsibility. Journal of Business Ethics, 140(3), 477–493.
Williams, R. (2013). How to build a socially-responsible global supply chain. The Guardian. Accessed September 15, 2017, from https://www.theguardian.com/global-development-professionals-network/2013/jul/29/responsible-business-retail-supply-chains
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2018 Springer International Publishing AG, part of Springer Nature
About this chapter
Cite this chapter
Turker, D. (2018). Corporate Governance and Social Responsibility. In: Managing Social Responsibility. CSR, Sustainability, Ethics & Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-91710-8_4
Download citation
DOI: https://doi.org/10.1007/978-3-319-91710-8_4
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-91709-2
Online ISBN: 978-3-319-91710-8
eBook Packages: Business and ManagementBusiness and Management (R0)