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Legal Strategies for Incorporating CSR Principles in Corporate Self-Regulation

  • Mia Mahmudur Rahim
Chapter
Part of the CSR, Sustainability, Ethics & Governance book series (CSEG)

Abstract

Developing a normative strategy for incorporating CSR in corporate self-regulation through legal regulation is difficult but important. It is difficult, as legal regulation could be detrimental to business development if it narrows the scope of innovation in business and becomes a barrier to companies’ usual business practices. It is important, as civil society, being sceptical of the role of companies’ voluntary responsibility for social development, needs this normative basis to further the arguments for CSR in a well-articulated manner. The previous chapter has discussed the theoretical basis for incorporating CSR principles in corporate self-regulation. This chapter discusses the basis and type of regulatory strategies for this incorporation. It presents the ‘third perspective’ as the normative basis for implementing CSR principles in corporate self-regulation through legal regulation.

Keywords

Corporate Social Responsibility Business Ethic Social Responsibility Corporate Governance Legal Regulation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  • Mia Mahmudur Rahim
    • 1
  1. 1.School of AccountancyQueensland University of TechnologyBrisbaneAustralia

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