Article

Corporate Governance and Corporate Social Responsibility

Ann K. Buchholtz, Jill A. Brown and Kareem M. Shabana

in The Oxford Handbook of Corporate Social Responsibility

Published in print February 2008 | ISBN: 9780199211593
Published online September 2009 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199211593.003.0014

Series: Oxford Handbooks in Business and Management C

 Corporate Governance and Corporate Social Responsibility

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Corporate governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The corporate governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources. This article outlines the relationship between corporate governance and corporate social responsibility (CSR). It begins by examining the role of corporate governance in creating value for shareholders. It focuses on the actions of the corporation and the board toward its shareholders and other stakeholders, i.e., how corporate governance serves or fails to serve their interests. It covers the assumptions that underlie theories of corporate governance and the expected outcomes of various board structures and compositions. It then examines the state of corporate democracy, the issue of accountability, and key legislation relative to corporate governance.

Keywords: corporate governance; corporate social responsibility; shareholders; corporate democracy; accountability

Article.  8249 words. 

Subjects: Business and Management ; Business Strategy

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