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  • CSR and Corporate Governance

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    Seema Kumari
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    This paper explores the relationship between corporate social responsibility (CSR) and corporate governance (CG). It argues that CSR and CG are not entirely separate concepts, but rather are overlapping and interrelated. Specifically, it states that unless companies practice good corporate governance, they are unlikely to have social values or engage in CSR. Therefore, effective corporate governance is a necessary first step for CSR. The paper also notes that while CG focuses on external regulation and internal controls, CSR is about how companies regulate their own behavior according to social norms. However, CG and CSR also overlap and can potentially reinforce or temper each other.

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    CSR AND CORPORATE GOVERNANCE

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    This paper explores the relationship between corporate social responsibility (CSR) and corporate governance (CG). It argues that CSR and CG are not entirely separate concepts, but rather are overlapping and interrelated. Specifically, it states that unless companies practice good corporate governance, they are unlikely to have social values or engage in CSR. Therefore, effective corporate governance is a necessary first step for CSR. The paper also notes that while CG focuses on external regulation and internal controls, CSR is about how companies regulate their own behavior according to social norms. However, CG and CSR also overlap and can potentially reinforce or temper each other.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    22 views1 page

    CSR and Corporate Governance

    Uploaded by

    Seema Kumari
    This paper explores the relationship between corporate social responsibility (CSR) and corporate governance (CG). It argues that CSR and CG are not entirely separate concepts, but rather are overlapping and interrelated. Specifically, it states that unless companies practice good corporate governance, they are unlikely to have social values or engage in CSR. Therefore, effective corporate governance is a necessary first step for CSR. The paper also notes that while CG focuses on external regulation and internal controls, CSR is about how companies regulate their own behavior according to social norms. However, CG and CSR also overlap and can potentially reinforce or temper each other.

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    CSR AND CORPORATE GOVERNANCE: TWO SIDE OF THE SAME

    COIN
    Seema kumari, Research Scholar, Barkatullah University,Rntu Bhopal,
    M.P,India

    This paper justify that weather Corporate Social Responsibility and Corporate
    Governance are the different things or the same thing . In other words, CSR and corporate
    governance are two sides of the same coin. The implication here is that unless corporate
    practice good governance they are unlikely to have a social conscience and hence the first
    step towards CSR is through practicing the art of effective corporate governance.

    It seems to that CSR and CG are not the same thing; nor different things; nor the other
    side of the same coin.  Rather, they are overlapping; inter-related; potentially mutually
    tempering or reinforcing.  CG emphasizes external regulation and internal control of the
    firm by legal means and assumes that the monitoring function is controlled by the board of
    directors and senior managers.  CSR is about how the firm regulates its own behavior with
    reference to social norms; now including external, mainly ‘soft’, governance systems (e.g.
    multi-actor, private codes of conducts, commitments, partnerships, associations).   Yet CG
    is often at odds with, or pitted against, CSR, notwithstanding their overlaps

    Keywords: CSR:corporate social responsibility,CG- corporate governance,

    Keywords: social responsibility,csr,communities.

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