Corporate Governance and Social Responsibility

• Main Author: Abbass Issa
• Format: Article
• Language: English
• Published: Editura ASE Bucuresti 2016-12-01
• Series: Cactus
• Subjects: Corporate governance; Social responsibility; Sustainable development; Responsible leadership.
• Online Access: http://www.cactus-journal-of-tourism.ase.ro/Pdf/vol14/8%20student%20corner%20Issa.pdf

Corporate governance along with social responsibility represent a major point of interest for most shareholders and stakeholders, as it is desirable for any investor or organization to implement mechanisms that are able to ensure a proper control of a company’s operating framework. It would be ideal for the business environment in every country to adopt and respect policies which lead to a reliable and secure employment, a minimization of risks, a maximization of incentives, as well as protected communities and a preserved environment. Corporate governance and social responsibility form an area that includes various concepts, but based on information gathered, we may reveal that the compliance with certain rules and regulations can generate higher welfare and prosperity. We managed to analyze the interrelationship between the two notions, definitions, the factors that linked them, and some important issues that appear when integrating social responsibility into corporate governance, meaning behavioral norms and industry impacts, economic environment, regulation, and responsible decisions. For a full comprehensive picture, further reading is required.