Corporate governance and Corporate social responsibility: Difference between pages

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imported>Doug Williamson
(Add 'other' before 'stakeholders', already-mentioned employees - for example - also being stakeholders.)
 
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1.
(CSR).


In the commercial context, the framework that provides guidance on corporate strategy including assessing risk, ensures effective monitoring of management by the board of directors and makes certain the board is accountable to the company and the shareholders.
''Corporate governance''.  


A form of corporate self-regulation integrated into a business model.


2.
Ideally, CSR policy is a built-in, self-regulating mechanism where the business or other organisation  monitors and ensures its adherence to law, ethical standards, and international norms.  


Comparable frameworks in non-commercial organisations. In the non-commercial context the term 'governance' (without the 'corporate' part) is more common.
The organisation embraces responsibility for the impact of its activities on the environment, consumers, employees, communities, other stakeholders and all other members of the public sphere. The organisation also proactively promotes the public interest by encouraging community growth and development, and voluntarily eliminating practices that harm the public sphere.
 
 
All this means both (1) adherence to existing laws and (2) going significantly better than the minimum standards required by law.




== See also ==
== See also ==
* [[Board of directors]]
* [[Corporate governance]]
* [[Corporate social responsibility ]]
* [[ESG investment]]
* [[ESG investment]]
* [[Governance]]
* [[Ethics]]
* [[Kay Review]]
* [[Greenwash]]
* [[UK Corporate Governance Code]]


[[Category:Corporate_Strategy]]
[[Category:Corporate_Strategy]]

Revision as of 07:32, 25 July 2014

(CSR).

Corporate governance.

A form of corporate self-regulation integrated into a business model.

Ideally, CSR policy is a built-in, self-regulating mechanism where the business or other organisation monitors and ensures its adherence to law, ethical standards, and international norms.

The organisation embraces responsibility for the impact of its activities on the environment, consumers, employees, communities, other stakeholders and all other members of the public sphere. The organisation also proactively promotes the public interest by encouraging community growth and development, and voluntarily eliminating practices that harm the public sphere.


All this means both (1) adherence to existing laws and (2) going significantly better than the minimum standards required by law.


See also