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CORPORATE SOCIAL RESPONSIBILITY AND CORPORATE GOVERNANCE1 |
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| Authors: | Elaine Sternberg |
| Institution: | University of Buckingham Beloff Centre for the Study of Liberty, and Principal of a business ethics consultancy firm |
| Abstract: | Corporate social responsibility (‘CSR’) is often associated with hopes for improved corporate governance. As understood conventionally, however, CSR is conceptually incoherent, practically unworkable, and wholly unjustified. To be compatible with corporate governance, ‘CSR’ needs to be understood not as Counterproductive Stakeholder Regimentation, but as Conscientious Stakeholder Responsibility. |
| Keywords: | Corporate social responsibility business ethics stakeholder doctrine corporate governance liberty accountability |