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Corporate Governance as Social Responsibility: A Meta-regulation Approach to Raise Social Responsibility of Corporate Governance in a Weak Economy

In: Board Directors and Corporate Social Responsibility

Author

Listed:
  • Mia Mahmudur Rahim

    (Macquarie Law School)

Abstract

Corporate governance (CG) denotes the rules of business decision-making and directs the internal mechanism of companies to follow the output of the rules. It includes the customs, policies, laws and institutions as a set of processes that affects the way in which a corporation is directed, administered or controlled. In the aftermath of some corporate scandals and with the rise of civil society campaigns against the negative impact of corporate operations on the environment, corporate governance has started emphasizing issues that go beyond this traditional focus to touch on corporate ethics, accountability, disclosure and reporting. ‘As companies seek to assure regulators and investors that they are fully transparent and accountable, corporations have increasingly pledged their commitment to honest and fair corporate governance principles on a wide spectrum of business practices’ (Gill, 2008, p. 453).

Suggested Citation

  • Mia Mahmudur Rahim, 2012. "Corporate Governance as Social Responsibility: A Meta-regulation Approach to Raise Social Responsibility of Corporate Governance in a Weak Economy," Palgrave Macmillan Books, in: Sabri Boubaker & Duc Khuong Nguyen (ed.), Board Directors and Corporate Social Responsibility, chapter 8, pages 145-166, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-38930-4_8
    DOI: 10.1057/9780230389304_8
    as

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    Cited by:

    1. Mia Rahim & Shawkat Alam, 2014. "Convergence of Corporate Social Responsibility and Corporate Governance in Weak Economies: The case of Bangladesh," Journal of Business Ethics, Springer, vol. 121(4), pages 607-620, June.

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