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Link Between Corporate Governance and Corporate Social Responsibility (Paperback)
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Link Between Corporate Governance and Corporate Social Responsibility (Paperback)
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On a wide spectrum of business practices, Corporate Governance (CG)
has placed emphasis on issues that go beyond the traditional view
of agency theory to focus on business ethics and matters of
accountability, transparency etc. The aftermath of WorldCom, Enron
and other giant companies has compelled businesses to adopt a
stakeholder-friendly CG system that pledges the company's
commitment to all stakeholders. In the same way, the increasing
social and environmental demands from companies by civil society,
customers and other pressure groups has brought to the fore the
relevance of Corporate Social Responsibility (CSR). CSR concept has
pushed companies to pursue a CG framework that assumes greater
responsibilities of taking care of the environment and social needs
of the public in addition to the traditional objective of
maximizing shareholders wealth. This book draws on questionnaires
and interviews to explore the link between CG and CSR using MTN
Group as case study. The CG-CSR relationship is examined based on
two main theories (agency and stakeholder) that have influenced the
development of CG. Accordingly, the study employed three relational
models to establish the link.
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