CSR as Sensemaking Within Governance Systems and Structures - Why CSR Will Always Be Under-Defined
24 Pages Posted: 16 Jun 2012
Date Written: November 15, 2011
Abstract
In this paper I review the literature that provide a governance perspective on CSR. I try to explain why the concept will always be the subject of conflicting definitions, in other words, is under-defined and therefore open to normative debate. If corporate social responsibilities could be defined clearly and absolutely, no dialogue would be possible and managers’ decisions would be pre-determined. A governance perspective helps clarify managerial discretion in relation to stakeholder interests and why certain principles get more attention in a certain company.
Keywords: Corporate governance, Corporate Social Responsibility
JEL Classification: M20
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