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Books > Business & Economics > Economics
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Corporate Behavior and Sustainability - Doing Well by Being Good (Hardcover)
Loot Price: R4,637
Discovery Miles 46 370
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Corporate Behavior and Sustainability - Doing Well by Being Good (Hardcover)
Series: Finance, Governance and Sustainability
Expected to ship within 10 - 15 working days
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Companies can no longer expect to engage in dubious or unethical
corporate behaviour without risking their reputation and damaging,
perhaps irrevocably, their market position. Irresponsible corporate
behavior not only deprives shareholders of long-term returns but
also ultimately imposes a cost on society as a whole. Sustainable
business is about ensuring that entities contribute toward positive
social, environmental, and economic outcomes. Bad business
behaviour is costly for stakeholders, for markets, for society, and
the economy alike. To ensure that a company behaves well, the
buy-in of the leadership team is crucial. The full commitment of
the board of directors, in conjunction with the senior managers of
the organization, is required if an organization is to be socially
responsible. In this sense, leadership does not reside with an
individual (the CEO) within the organization but with all of those
at the apex of corporate power and control. Effective change
management requires enlightened and capable leadership to instigate
and drive the process of embedding a sustainable and socially
responsible corporate philosophy and culture that supports good
business decision-making. A profound understanding of the
requirements of such a leadership process will help corporate
managers become highly effective change agents. Governance will be
the main driver of this change. For the economy and financial
markets to become sustainable and resilient, radical changes in
corporate leadership need to take place. Integrated reporting,
government regulation, and international standards will all be
important factors in bringing about this change. As well as
understanding the effects of corporate behavior on financial
markets, such an understanding is also now imperative in relation
to the social and environmental contexts.
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