Corporate Social Responsibility Implementation in the EU and USA : The Trend and the Way Forward

Rahim, Mia Mahmudur & Nasrullah, Nakib Mohammad (2013) Corporate Social Responsibility Implementation in the EU and USA : The Trend and the Way Forward. In Okpara, John O. & Idowu, Samuel O. (Eds.) Corporate Social Responsibility : Challenges, Opportunities and Strategies for 21st Century Leaders. Springer Berlin / Heidelberg, Germany, pp. 181-197.

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Abstract

The core principles of CSR are being integrated into the core policy objectives of different economies and global companies and are also moving beyond their individual business initiatives. This integration can be seen from individual states’ perspectives; states are also accepting these issues in their socio-economic strategies and thus are establishing these issues within national economies. Given this background, this chapter explicates the trends in implementing CSR principles in the EU and USA. It demonstrates that companies in the developed countries use a mix of different strategies to incorporate CSR principles in their self-regulatory mechanisms. Strategies based on legal regulation are not foremost in this mix; rather, in these countries regulation-based strategy is meant to assist the non-legal drivers of CSR.

Impact and interest:

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ID Code: 62085
Item Type: Book Chapter
Keywords: Corporate social responsibility, Corporate law, Corporate ethics, Legal regulation of corporations, Business regulation
DOI: 10.1007/978-3-642-40975-2_11
ISBN: 9783642409745
ISSN: 2196-7075
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Organisational Planning and Management (150312)
Australian and New Zealand Standard Research Classification > LAW AND LEGAL STUDIES (180000) > LAW (180100) > Law and Society (180119)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
Deposited On: 27 Aug 2013 04:02
Last Modified: 16 Jan 2014 06:07

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