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Corporate and Social Responsibility - a Fundamental Pillar of a Sustainable Corporate Governance

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  • DONDERA Octavian-Florin

    (West University of Timisoara, Faculty of Economics and Business Administration)

Abstract

The global financial crisis has forced management to offer strategic directions well motivated and to engage points of view that go beyond short-term financial results, thus preparing their companies to a more direct approach to the apparent risk, by anticipating the adverse impact on the environment and workers, avoiding also in some measure the reputational risks that may occur. On the background of policies implemented in the last period by the most developed countries of the world in the field of sustainable development, corporate governance is seen as a commitment to ethical behavior towards business strategy, operations developed and organizational culture, the ultimate goal aimed being corporate reputation.

Suggested Citation

  • DONDERA Octavian-Florin, 2013. "Corporate and Social Responsibility - a Fundamental Pillar of a Sustainable Corporate Governance," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 213-219, May.
    • Handle: RePEc:tdt:annals:v:xix:y:2013:p:213-219
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    File URL: http://fse.tibiscus.ro/anale/Lucrari2013/Lucrari_vol_XIX_2013_035.pdf
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    References listed on IDEAS

    as
    1. Falck, Oliver & Heblich, Stephan, 2007. "Corporate social responsibility: Doing well by doing good," Business Horizons, Elsevier, vol. 50(3), pages 247-254.
    2. Cadbury, Adrian, 2002. "Corporate Governance and Chairmanship: A Personal View," OUP Catalogue, Oxford University Press, number 9780199252008.
    3. Brunk, Katja H., 2010. "Exploring origins of ethical company/brand perceptions -- A consumer perspective of corporate ethics," Journal of Business Research, Elsevier, vol. 63(3), pages 255-262, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    corporate and social responsibility; corporate governance; ethics; risk; sustainability;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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