The Effect of Board Monitoring Role on the integration of Corporate Social Responsibility into Corporate Governance: A Qualitative Investigation

Abstract

This study aims to explore the board monitoring roles in Corporate Social Responsibility (CSR) context and provide better understanding of how directors perform their monitoring role in order to facilitate the integration of CSR into the Corporate Governance (CG) structure. To achieve these objectives, this study adopted a qualitative case study, by conducting in-depth interviews with participants at various levels of board and management in the two Saudi companies. The findings revealed that there six board monitoring roles are crucial to improve the integration of CSR into governance structure. Based on the findings, theoretical proposition have been developed to direct further research on the CG and CSR topics. With growing of board of directors' role in protecting stakeholders, the study's findings are important to be considered in the reforming CG Codes, particularly in the context of protecting stakeholders' interests. This practical implication is useful to alert the policy makers to reform CG codes regulatory and judicial systems in order to protect stakeholders' interests and meet their expectations from the organization.