Meta-regulation approach of law : a potential legal strategy to develop socially responsible business self-regulation in least developed common law countries

Rahim, Mia Mahmudur (2011) Meta-regulation approach of law : a potential legal strategy to develop socially responsible business self-regulation in least developed common law countries. Common Law World Review, 40(2), pp. 174-206.

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Abstract

In the corporate regulation landscape, 'meta-regulation' is a comparatively new legal approach. The sketchy role of state promulgated authoritative laws in pluralized society and scepticism in corporate self-regulation's role have resulted in the development of this legal approach. It has opened up possibilities to synthesize corporate governance to add social values in corporate self-regulation. The core of this approach is the fusion of responsive and reflexive legal strategies to combine regulators and regulatees for reaching a particular goal. This paper argues that it is a potential strategy that can be successfully deployed to develop a socially responsible corporate culture for the business enterprises, so that they will be able to acquire social, environmental and ethical values in their self-regulation sustainably. Taking Bangladeshi corporate laws as an instance, this paper also evaluates the scope of incorporating this approach in laws of the least developed common law countries in general.

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ID Code: 59060
Item Type: Journal Article
Refereed: Yes
Additional URLs:
Keywords: corporate self-regulation, , corporate social responsibility (CSR), least developed countries (LDC's), meta-regulation, small and medium-sized enterprises (SMEs), society, Bangladesh
DOI: 10.1350/clwr.2011.40.2.0220
ISSN: 1740-5556 (online) 1473-7795 (print)
Subjects: Australian and New Zealand Standard Research Classification > LAW AND LEGAL STUDIES (180000)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
Copyright Owner: Copyright 2011 Vathek Publishing
Deposited On: 12 Apr 2013 01:51
Last Modified: 29 Oct 2014 04:16

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