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The Impact of Corporate Social Responsibility on Corporate Governance: The Rise of Standardization of CSR Principles

In: Corporate Social Responsibility in the Global Business World

Author

Listed:
  • Mia Mahmudur Rahim

    (Queensland University of Technology)

Abstract

The synergy between corporate social responsibility (CSR) and corporate governance (CG) has changed the commercial environment. It has developed a complex and multi dimensional organizational phenomenon that could be defined as the extent and the way in which a business corporation can pragmatically respond to its consumer and society. This synergy has joined the political endeavours to make corporations more attuned to public, environmental and social needs. It has standardized CSR principles and created the agencies specialized in broader ethical considerations of business corporations. This chapter deals with these issues. It assesses how the impact of CSR on CG has contributed to the standardization of CSR principles and the rise of agencies specialized in facilitating social responsibility performance of business corporations.

Suggested Citation

  • Mia Mahmudur Rahim, 2014. "The Impact of Corporate Social Responsibility on Corporate Governance: The Rise of Standardization of CSR Principles," Springer Books, in: Asli Yüksel Mermod & Samuel O.Idowu (ed.), Corporate Social Responsibility in the Global Business World, edition 127, chapter 0, pages 93-113, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-37620-7_5
    DOI: 10.1007/978-3-642-37620-7_5
    as

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