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.
|Title of host publication||Responsibility and Governance : The Twin Pillars of Sustainability|
|Editors||David Crowther, Shahla Seifi, Tracey Wond|
|Number of pages||16|
|Place of Publication||Switzerland|
|Publication status||Published - 2019|
|Series||Approaches to Global Sustainability, Markets, and Governance|