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.
Original languageEnglish
Title of host publicationResponsibility and Governance : The Twin Pillars of Sustainability
EditorsDavid Crowther, Shahla Seifi, Tracey Wond
Number of pages16
Place of PublicationSwitzerland
PublisherSpringer VS
Publication date2019
Pages45-60
Chapter4
ISBN (Print)978-981-13-1046-1
ISBN (Electronic)978-981-13-1047-8
Publication statusPublished - 2019
SeriesApproaches to Global Sustainability, Markets, and Governance
ISSN2520-8772

Cite this

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