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The governance of corporate social responsibility Developing an inclusive regulation framework

The governance of corporate social responsibility Developing an inclusive regulation framework Purpose – This paper aims to examine the limitations of promoting corporate social responsibility (CSR) regulation and suggests a model for improving accountability in CSR practices through stakeholder engagement‐based inclusive regulation framework that is effective, coherent and responsive. Design/methodology/approach – This conceptual paper uses desk‐based research to analyse extant literature on the concept of regulation of CSR by looking at examples, benefits and limitations before proposing a framework for improving CSR regulation. Findings – The paper finds that the system of promoting CSR through self‐regulation or introducing prescriptive regulation without sustainable stakeholder engagement is ineffective and inefficient. Originality/value – The paper is original in its development of a new framework of “Inclusive Regulation” as a strategy for limiting the shortcomings of prescriptive regulation and enhancing self‐regulation as CSR tools. It thus contributes to both theoretical and policy perspective in the enhancement of prescriptive and self‐regulation in CSR‐regulation discourse. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Law and Management Emerald Publishing

The governance of corporate social responsibility Developing an inclusive regulation framework

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Publisher
Emerald Publishing
Copyright
Copyright © 2014 Emerald Group Publishing Limited. All rights reserved.
ISSN
1754-243X
DOI
10.1108/IJLMA-04-2013-0015
Publisher site
See Article on Publisher Site

Abstract

Purpose – This paper aims to examine the limitations of promoting corporate social responsibility (CSR) regulation and suggests a model for improving accountability in CSR practices through stakeholder engagement‐based inclusive regulation framework that is effective, coherent and responsive. Design/methodology/approach – This conceptual paper uses desk‐based research to analyse extant literature on the concept of regulation of CSR by looking at examples, benefits and limitations before proposing a framework for improving CSR regulation. Findings – The paper finds that the system of promoting CSR through self‐regulation or introducing prescriptive regulation without sustainable stakeholder engagement is ineffective and inefficient. Originality/value – The paper is original in its development of a new framework of “Inclusive Regulation” as a strategy for limiting the shortcomings of prescriptive regulation and enhancing self‐regulation as CSR tools. It thus contributes to both theoretical and policy perspective in the enhancement of prescriptive and self‐regulation in CSR‐regulation discourse.

Journal

International Journal of Law and Management – Emerald Publishing

Published: Mar 4, 2014

Keywords: Corporate social responsibility; Accountability; Regulation; Stakeholder engagement; Government regulation; Inclusive regulation; Prescriptive regulation; Self‐regulation

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