CSR as a Means of Law: Regulation of Business Conduct to Take Account on Social Responsibility
AbstractThe article aims to capture an opaque relationship between Corporate Social Responsibility (CSR) and law. While it is generally perceived that a corporate structure aims solely at profit maximization and high financial returns to shareholders, modern trends of business seem to unveil the other side of the internal corporate strategies for ¡®green' and ¡®fair' composition by way of endorsing ethical and responsible accounts into the action. Nonetheless, these corporate strategies are the subjects of immense criticism. In this circumstance, the article is set out to call on emerging soft compliance in CSR global practices and relevant international CSR codes to propose a regulation that CSR confers on business conduct.
CSR, law and regulation, accountability