Mishra, Radhakrishna; Pattnaik, Malavika
March 2012
International Journal of Research in Commerce, IT & Management;2012, Vol. 2 Issue 3, p105
Academic Journal
This is an exploratory paper with the aim of determining the point of intersection between "CORPORATE GOVERNANCE & CORPORATE SOCIAL RESPONSIBILITY". Corporate social responsibility is undoubtedly associated with corporate governance as part of business ethics. There is a strong argument that CSR is nothing but a superficial window dressing which distracts the businesses from their fundamental economic role. Besides, the demand for more ethical business practices is constantly increasing. Corporate governance includes the relationships among the many stakeholders involved and the goals for which the corporation is governed. The principal stakeholders are the shareholders, the board of directors, employees, customers, creditors, suppliers, and the community at large. Companies that aim to perform better can increase shareholder value by properly managing risks, anticipating regulatory action or accessing new markets while at the same time contributing to the sustainable development of the societies in which they operate. The purpose of this paper is to discover the facts on this issue. The basic question here is whether the corporate houses are really concerned and clean enough to provide for the community in which they are established. Moreover should CSR be a morally guided concept or should there be an overseer rule or procedures to drive the cause. We further move to investigate the point of convergence of Corporate Governance with Corporate Social Responsibility.


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