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Legal Regulation of CSR in Weak Economies: The Case of Bangladesh

In: Legal Regulation of Corporate Social Responsibility

Author

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  • Mia Mahmudur Rahim

    (Queensland University of Technology)

Abstract

The aim of this chapter is to assess the extent to which laws relating to CSR in Bangladesh might contribute to including CSR as a central theme in self-regulated corporate responsibility. It explains why the major Bangladeshi laws relating to corporate regulation and responsibility do not possess the required features necessary to compel corporate self-regulators to contribute to developing a socially responsible corporate culture in this country. It argues that development of a socially responsible corporate culture in Bangladesh should not rely on either corporate self-regulation or authoritative modes of regulation. Rather, this should be based on a combination of force majeure and economic incentive-based legal strategies, as long as civil society, the media, NGOs, and the consumers of Bangladesh are able to systematically monitor corporate self-regulation.

Suggested Citation

  • Mia Mahmudur Rahim, 2013. "Legal Regulation of CSR in Weak Economies: The Case of Bangladesh," CSR, Sustainability, Ethics & Governance, in: Legal Regulation of Corporate Social Responsibility, edition 127, chapter 0, pages 179-273, Springer.
    • Handle: RePEc:spr:csrchp:978-3-642-40400-9_6
    DOI: 10.1007/978-3-642-40400-9_6
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