Legal Strategies for Incorporating CSR Principles in Corporate Self-Regulation

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


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.


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.


  1. Arora S, Cason TN (1995) An experiment in voluntary environmental regulation: participation in EPA’s 33/50 program. J Econ Manag 28:271Google Scholar
  2. Bianchi R, Noci G (1998) Greening SMEs’ competitiveness. Small Bus Econ 11:269CrossRefGoogle Scholar
  3. Bizer K, Julich R (1999) Voluntary agreements-trick or treat? Eur Environ 9(2):59CrossRefGoogle Scholar
  4. Bradgon JH, Marlin J (1972) Is pollution profitable? Risk Manage 19(4):9Google Scholar
  5. Carroll AB (1999) Corporate social responsibility: evolution of a definitional construct. Bus Soc 38(3):268CrossRefGoogle Scholar
  6. Carty A, Mair J (1990) Some post-modern perspectives on law and society. J Law Soc 17(4):395CrossRefGoogle Scholar
  7. Cavaliere A (2000) Over-compliance and voluntary agreements: a note about environmental reputation. Environ Resour Econ 17(2):195CrossRefGoogle Scholar
  8. Coase R (1960) The problem of social cost. J Law Econ 3(1)Google Scholar
  9. Elkington J (1998) Partnerships from cannibals with forks: the triple bottom line of 21st century business. Environ Qual Manag 8(1):37CrossRefGoogle Scholar
  10. Friedman M (1970) A Friedman doctrine: the social responsibility of business is to increase its profits. N Y Times Mag 13:33Google Scholar
  11. Garth B, Sterling J (1998) From legal realism to law and society: reshaping law for the last stages of the social activist state. Law Soc Rev 409Google Scholar
  12. González M, Martinez CV (2004) Fostering corporate social responsibility through public initiative: from the EU to the Spanish case. J Bus Ethics 55:277CrossRefGoogle Scholar
  13. Hunt A (1992) Foucault’s expulsion of law: toward a retrieval. Law Soc Inq 17(1):1CrossRefGoogle Scholar
  14. Husted B (2003) Governance choices for corporate social responsibility: to contribute, collaborate or internalize? Long Range Plann 36(5):481CrossRefGoogle Scholar
  15. Jamali D (2008) A stakeholder approach to corporate social responsibility: a fresh perspective into theory and practice. J Bus Ethics 82(1):213CrossRefGoogle Scholar
  16. James N (2008) Distracting the message: corporate convictions and the legitimation of neo-liberalism. Macquarie Law J 8:179Google Scholar
  17. Juholin E (2004) For business or the good of all? A finnish approach to corporate social responsibility. Corp Gov 4(3):20CrossRefGoogle Scholar
  18. Kakabadse NK, Rozuel C, Lee-Davies L (2005) Corporate social responsibility and stakeholder approach: a conceptual review. Int J Bus Gov Ethics 1(4):277CrossRefGoogle Scholar
  19. Kellye YT (2004) Capitalism and freedom: for whom?: feminist legal theory and progressive corporate law. Law Contemp Probl 67(4):87Google Scholar
  20. Kolk A, Van Tulder R, Welters C (1999) International codes of conduct and corporate social responsibility: can transnational corporations regulate themselves? Avril 8:143Google Scholar
  21. Litowitz D (1995) Foucault on law: modernity as negative utopia. Queen’s Law J 21 1Google Scholar
  22. Lockett A, Moon J, Visser W (2006a) Corporate social responsibility in management research: focus, nature, alience and sources of influence. J Manag Stud 43(1):115CrossRefGoogle Scholar
  23. Van Marrewijk M (2003) Concepts and definitions of CSR and corporate sustainability: between agency and communion. J Bus Ethics 44(2–3):95CrossRefGoogle Scholar
  24. Matten D, Moon J (2007) Pan-European approach. A conceptual framework for understanding CSR. Corp Ethics Corp Gov 179Google Scholar
  25. Mcadam R, Leonard D (2003) Corporate social responsibility in a total quality management context: opportunities for sustainable growth. Corp Gov 3(4):36CrossRefGoogle Scholar
  26. Mcwilliams A, Siegel D, Wright PM (2006) Corporate social responsibility: strategic implications. J Manag Stud 43(1):1CrossRefGoogle Scholar
  27. Midttun A (2008) Partnered governance: aligning corporate responsibility and public policy in the global economy. Corp Gov 8(4):406CrossRefGoogle Scholar
  28. Moir L (2001) What do we mean by corporate social responsibility? Corp Gov 1(2):16CrossRefGoogle Scholar
  29. Peters M, Turner K (2004a) SME environmental attitude and participation in local-scale voluntrary initiatives: some practical applications. J Environ Plan Manag 47(3):449CrossRefGoogle Scholar
  30. Porter ME, Van Der Linde C (1995) Toward a new conception of the environment-competitiveness relationship. J Econ Perspec 9(4):97CrossRefGoogle Scholar
  31. Quinn JJ (1997) Personal ethics and business ethics: the ethical attitudes of owner/managers of small business. J Bus Ethics 16(2):119CrossRefGoogle Scholar
  32. Rayman-Bacchus L (2006) Reflecting on corporate legitimacy. Crit Perspect Account 17(2–3):323CrossRefGoogle Scholar
  33. Roberts J (2003) The manufacture of corporate social responsibility. Organization 10:249CrossRefGoogle Scholar
  34. Rogers M, Ryan R (2001) The triple bottom line for sustainable community development. Local Environ 6(3):279CrossRefGoogle Scholar
  35. Sairinen R, Teittinen O (1999) Voluntary agreements as an environmental policy instrument in Finland. Eur Environ 67Google Scholar
  36. Stiglitz J (2003) Globalization and the economic role of the state in the new millennium. Indust Corp Change 12(1):3CrossRefGoogle Scholar
  37. Valor C (2005) Corporate social responsibility and corporate citizenship: towards corporate accountability. Bus Soc Rev 110(2):191CrossRefGoogle Scholar
  38. Vance S (1975) Are socially responsible firms good investment risk? Manage Rev 64:18Google Scholar
  39. White A (2005) Fade, integrate or transform? The future of CSR. Business for social responsibility, Issue PaperGoogle Scholar
  40. Williamson OE (1996) Revisiting legal realism: the law, economics, and organization perspective. Indust Corp Change 5:383CrossRefGoogle Scholar
  41. Windsor D (2006) Corporate social responsibility: three key approaches. J Manag Stud 43(1):93CrossRefGoogle Scholar
  42. Arestis P, Sawyer M (2001) Economics of the ‘Third Way’: the introduction, economics of the third way: experiences from around the worldGoogle Scholar
  43. Banerjee B (2007) Corporate social responsibility: the good, the bad and the uglyGoogle Scholar
  44. Bhagwati J (2007) In defense of globalizationGoogle Scholar
  45. Blair T, Schroder G (1999) Europe: the third way/Die Neue MitteGoogle Scholar
  46. Burchill S (2001) Realism and neo-realism: theories of international relationsGoogle Scholar
  47. Cavaliere A (1998) Voluntary agreements, over-compliance and environmental reputationGoogle Scholar
  48. Chang H-J (2003) Globalisation, economic development, and the role of the stateGoogle Scholar
  49. Croucher SL (2004) Globalization and belonging: the politics of identity in a changing worldGoogle Scholar
  50. Foucault M (1998) The will to knowledgeGoogle Scholar
  51. Giddens A (1984) The constitution of society: outline of a theory of structurationGoogle Scholar
  52. Giddens A (1981) A contemporary critique of historical materialismGoogle Scholar
  53. Giddens A (2000) The third way and its criticsGoogle Scholar
  54. Giddens A (1998) The third way: the renewal of social democracyGoogle Scholar
  55. Gray R, Owen D, Carol A (1996) Accounting and accountability: changes and challenges in corporate social and environmental reportingGoogle Scholar
  56. Hanrahan P, Ramsay I, Stapledon G (2002) Commercial applications of company lawGoogle Scholar
  57. Hobson JM (2000) The state and international relationsGoogle Scholar
  58. Hombach B (2000) The politics of the new centreGoogle Scholar
  59. Hunt A, Wickham G (1994) Foucault and law: towards a sociology of law as governanceGoogle Scholar
  60. Mankiw N (2004) Gregory, principles of economicsGoogle Scholar
  61. Mitchell LE (2001) Corporate irresponsibility: America’s newest exportGoogle Scholar
  62. OECD (1997) Reforming environmental regulation in OECD countriesGoogle Scholar
  63. Sayer AR (2000) Realism and social scienceGoogle Scholar
  64. Shamir R (2005) Corporate responsibility and the South African drug wars, the worlds cause lawyers make: structure and agency in legal practiceGoogle Scholar
  65. Stiglitz J (2001) An agenda for development for the twenty-first century, the global third way debateGoogle Scholar
  66. UNEP (1998) Voluntary initiatives, industry and environmentGoogle Scholar
  67. Viotti PR, Kauppi MV (1999) International relations theory: realism, pluralism globalism and beyondGoogle Scholar
  68. Wickham G, Pavlich G (2001) Rethinking law, society and governance: Foucault’s bequestGoogle Scholar
  69. Zadek S (2001) Third generation corporate citizenship: public policy and business in society (2001b edn)Google Scholar
  70. Carraro C, Siniscalco D (1996) Voluntary agreements in environmental policy: a theoretical appraisal. In: Xepapadeas A (Ed), Economic policy for the environment and natural resourcesGoogle Scholar
  71. Russell CS, Powell PT (1999) Practical considerations and comparison of instruments of environmental policy. In: J Van Den Bergh (Ed), Handbook of environmental and resource economicsGoogle Scholar
  72. Barron WF (1998) Unpriced economic incentives for environmental management (Centre of Urban Planning & Environmental Management, The University of Hong Kong)Google Scholar
  73. OECD (2003) Voluntary approaches for environmental policy: effectivness, efficiency and usage in policy mixesGoogle Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

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

Personalised recommendations