From corporate governance to corporate responsibility: The changing boardroom agenda
Tags: SOCIAL responsibility of business; BUSINESS ethics; CORPORATE governance; INDUSTRIAL management; STOCKHOLDERS
Related Articles
- Institutional Impediments To Voluntary Ethics Measurement Systems: An International Perspective. Stovall, O. Scott; Neill, John D.; Reid, Brad // Journal of Applied Business Research;Mar/Apr2009, Vol. 25 Issue 2, p119
Despite numerous appeals in the business ethics literature for a multiple-stakeholder perspective to corporate governance, in practice the widespread adoption of voluntary ethics measurement systems that consider multiple stakeholders remains elusive. In this paper, we employ an institutional...
- Trade-off between Investor's Short- and Long-term Goals. Bistrova, Julia; Lace, Natalja // Economics & Business;2012, Vol. 22, p23
The latest studies and financial literature are analysed to determine the factors, which influence long-term shareholder value maximisation, which is ultimately the goal of the investor and the corporation itself. Content analysis has showed that the key to return sustainability is high quality...
- Putting ethical practice in corporate responsibility. Cheah Foo Seong // Keeping Good Companies (14447614);Feb2010, Vol. 62 Issue 1, p33
The article discusses the importance of ethics in corporate governance. It notes that ethics is defined as a human virtue of knowing what is right and wrong. The three levels of analysis for which study of ethics can be approached include macro or global ethics, molar or organisational ethics,...
- Governing the Large Corporation: More Arguments for Public Directors. Jones, Thomas M.; Goldberg, Leonard D. // Academy of Management Review;Oct82, Vol. 7 Issue 4, p603
Government appointed public directors may or may not make corporations behave in a socially acceptable manner, but they would be an appropriate response to three corporate governance problems: (1) the vagueness of the social responsibility doctrine; (2) the legitimacy of corporate social...
- NON-FINANCIAL PERFORMANCE. RELATIONSHIP BETWEEN SOCIAL RESPONSIBILITY OF COMPANY AND CORPORATE GOVERNANCE. Sandu, Gabriela; Costuleanu, Carmen Luiza // Annals of the University of Craiova, Economic Sciences Series;2011, Vol. 3, p134
Romanian companies were privatized listed in the table, forming a highly dispersed ownership, free of activism in managing companies and the emergence of a powerful group of majority shareholders. These companies are controlled by managers and employees or shareholders at the expense of minority...
- Stakeholder Theory and "The Corporate Objective Revisited ": A Reply. Sundaram, Anant K.; Inkpen, Andrew C. // Organization Science;May/Jun2004, Vol. 15 Issue 3, p370
Freeman et al. (2004) offer a spirited rebuttal to our paper "The Corporate Objective Revisited" from the perspective of stakeholder theory. However, they fall short in making a case against the logic of shareholder value maximization. The authors confound issues of "value" and "values," ignore...
- Ethical Management of Crises: Shareholder Value Maximisation or Stakeholder Loss Minimisation? Alpaslan, Can M. // Journal of Corporate Citizenship;Winter2009, Issue 36, p41
I argue that, in the context of crises, the shareholder value maximisation model, the dominant form of corporate governance, may lead to decisions and behaviours that are in conflict with several prima facie duties such as reparation, beneficence and non-maleficence. Drawing on a typology of...
- The ethics of corporate governance. Nordberg, Donald // Journal of General Management;Summer2008, Vol. 33 Issue 4, p35
How should corporate directors determine what is the 'right' decision? For at least the past 30 years the debate has raged as to whether shareholder value should take precedence over corporate social responsibility when crucial decisions arise. Directors face pressure, not least from 'ethical'...
- The Practitioner's Perspective on Non-Financial Reporting. Perrini, Francesco // California Management Review;Winter2006, Vol. 48 Issue 2, p73
This article reports on the ways that corporate social responsibility (CSR) has become important to firms. Recognizing a firm's connection to their community, stockholders, environment and constituents, has made CSR justifiable to corporate management. Environmental and sustainability reports...
