The article discusses the role that law plays for CSR in substance, action and reporting, including whether CSR functions as informal law. The theoretical point of departure is based in legal science. Through a discussion of various contexts of CSR in which law and legal standards feature, the article questions the conception that CSR is to do “more than the law requires”. CSR is discussed with the triple bottom line as a point of departure, focussing on social (esp. labour and human rights) and environmental dimensions. It is argued that CSR functions as informal law, and that important principles of law function as part of a general set of values that guide much action on CSR. Furthermore, it is argued that aspects of law in the abstract as well as in the statutory sense and as self-regulation influence the substance, implementation and communication of CSR, and that the current normative regime of CSR in terms of demands on multinational corporations may constitute pre-formal law. Through its discussion, observations and examples of the role played in CSR by law in the abstract as well as the statutory sense, by international, supranational and national soft and hard law and documents, and by public regulation as well as corporate self-regulation, the paper is of value to corporate managers, public regulators, NGOs and individuals with an interest in CSR, including as an aspect of Corporate Governance.
|Tidsskrift||Corporate Governance - The International Journal of Effective Board Performance|
|Status||Udgivet - 2006|
- Uformel ret
- virksomheders menneskerettighedsforpligtelser
- virksomheders sociale ansvar
- ikke-finansielle regnskaber