TY - JOUR
T1 - Integrating Corporate Social Responsibility and Corporate Governance at the Company Level. Towards a Conceptual Model
AU - Aluchna, Maria
AU - Roszkowska-Menkes, Maria
PY - 2019
Y1 - 2019
N2 - Over the last decade strategic implications of CSR have become one of the most important area of research in social business literature. CSR initiatives are gradually advancing from philanthropic programs to authentic strategies intended to regain trust of society at large and generate social change, by simultaneously creating value for shareholders. The CSR isolated from strategy and governance does not provide a fundamental change towards integrated thinking and shift transition into low-emission and resource-efficient economy. Simultaneously, corporate governance proposing maximization of shareholder value and offering formal procedures, guidelines and evaluation standards cannot longer be an asset for companies if it remains detached from the assumptions of socially and environmentally responsible business. In this conceptual paper we use the results of the literature review to identify four stages of CSR and corporate governance integration.
AB - Over the last decade strategic implications of CSR have become one of the most important area of research in social business literature. CSR initiatives are gradually advancing from philanthropic programs to authentic strategies intended to regain trust of society at large and generate social change, by simultaneously creating value for shareholders. The CSR isolated from strategy and governance does not provide a fundamental change towards integrated thinking and shift transition into low-emission and resource-efficient economy. Simultaneously, corporate governance proposing maximization of shareholder value and offering formal procedures, guidelines and evaluation standards cannot longer be an asset for companies if it remains detached from the assumptions of socially and environmentally responsible business. In this conceptual paper we use the results of the literature review to identify four stages of CSR and corporate governance integration.
U2 - 10.5755/j01.ee.30.3.17511
DO - 10.5755/j01.ee.30.3.17511
M3 - Article
SN - 1392-2785
VL - 30
JO - Inzinerine Ekonomika-Engineering Economics
JF - Inzinerine Ekonomika-Engineering Economics
IS - 3
ER -