Mia Mahmudur Rahim - Legal Regulation of Corporate Social Responsibility: A Meta-Regulation Approach of Law for Raising CSR in a Weak Economy
Published: 2013-12-13 | ISBN: 3642403999 | PDF | 324 pages | 2.91 MB
Even though Corporate Social Responsibility (CSR) has become a widely accepted concept promoted by different stakeholders, business corporations' internal strategies, known as corporate self-regulation in most of the weak economies, respond poorly to this responsibility. Major laws relating to corporate regulation and responsibilities of these economies do not possess adequateongoing influence to insist on corporate self-regulation to create a socially responsible corporate culture.This book describes how the laws relating to CSR could contribute to the inclusion of CSR principles at the core of the corporate self-regulation of these economies in general, without being intrusive in normal business practice. Itformulates a meta-regulation approachto law, particularly by converging patterns of private ordering and state control in contemporary corporate law from the perspective of a weak economy. It proposes that this approach is suitablefor alleviating regulators' limited access to information and expertise, inherent limitations of prescriptive rules,ensuring corporate commitment, and enhance the self-regulatory capacity of companies.This book describes various meta-regulation strategies for laws to link social values to economic incentives and disincentives, and to indirectly influence companies to incorporate CSR principles atthe core of their self-regulation strategies. It investigates this phenomenonusing Bangladesh as a case study.
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