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The New Corporate Accountability - Corporate Social Responsibility and the Law (Paperback)
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The New Corporate Accountability - Corporate Social Responsibility and the Law (Paperback)
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The adoption by companies of Corporate Social Responsibility (CSR)
policies is routinely characterised as voluntary. But if CSR is
self-governance by business, it is self-governance that has
received a firm push from external social and market forces, from
forces of social accountability. Law is also playing a more
significant role than the image of CSR suggests, and this legal
accountability - the focus of the book - is set to increase. Legal
intervention should not, however, be seen as making social
accountability redundant. Wider ethical standards and social and
market forces are also necessary to make legal regulation
effective. Law is being brought into play in innovative and
indirect ways. The initiative lies as much with private
organizations as with the state. At the same time governments are
using social and market forces to foster CSR. In the context of
corporate social responsibility, a new, multi-faceted, corporate
accountability is emerging.
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