Corporate Governance and Social Responsibility

Abstract

It is clear that the question of why an organization exists can be partly understood by analyzing its ownership and administrative structure which is today within the field of corporate governance (CG). In a broader sense CG has included almost all issues about the operations of a business organization. Among these issues the emphasis on recognizing the stakeholders’ rights and creating cooperation for wealth jobs and the sustainability has become particularly relevant for the management of companies. Today most people view businesses as the entities that exist to meet the expectations and interests of different stakeholders. Therefore how a business accomplishes such a complex task of satisfying diverse stakeholders’ needs and wants has become the subject of an ongoing debate during the last decades and the response partly depends on integrating CG with CSR. The current chapter tries to address the paradox of conceptualization in between CG and CSR. Then it defines the traditional and brand new responsibilities of companies in the nexus of CG and CSR. © 2022 Elsevier B.V. All rights reserved.