The Concept of Business Legitimacy: Corporate Social Responsibility, Corporate Citizenship, Corporate Governance as Essential Elements of Ethical Business Legitimacy

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Abstract

This chapter discusses corporate social responsibility, corporate governance, and corporate citizenship in relation to business legitimacy as a basic concept in the philosophy of management. Corporations must take into the consideration of legitimacy to be able to exist and prosper in a society: legitimacy is a precondition of business license to operate in society, and of the supply of necessary resources - ranging from investments, committed employees, business partners, and sales/consumption, to political support and support from an increasing range of diverse stakeholders.
OriginalsprogEngelsk
TitelResponsibility and Governance : The Twin Pillars of Sustainability
RedaktørerDavid Crowther, Shahla Seifi, Tracey Wond
Antal sider16
Udgivelses stedSwitzerland
ForlagSpringer VS
Publikationsdato2019
Sider45-60
Kapitel4
ISBN (Trykt)978-981-13-1046-1
ISBN (Elektronisk)978-981-13-1047-8
StatusUdgivet - 2019
NavnApproaches to Global Sustainability, Markets, and Governance
ISSN2520-8772

Citer dette

Rendtorff, J. D. (2019). The Concept of Business Legitimacy: Corporate Social Responsibility, Corporate Citizenship, Corporate Governance as Essential Elements of Ethical Business Legitimacy. I D. Crowther, S. Seifi, & T. Wond (red.), Responsibility and Governance : The Twin Pillars of Sustainability (s. 45-60). Springer VS. Approaches to Global Sustainability, Markets, and Governance