Towards socially responsible corporate governance with authorities’ interventions
Due to the fact that moral commitments of individuals as well as of corporations were not enough for successful fostering of the socially responsible behaviour of corporations, we are facing the new international and national laws fostering the reporting on non-financial activities of the corporatio...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Split, Faculty of Economics
2018-01-01
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| Series: | Management : Journal of Contemporary Management Issues |
| Subjects: | |
| Online Access: | https://hrcak.srce.hr/file/298303 |
| _version_ | 1797207649738031104 |
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| author | Andreja Primec Jernej Belak |
| author_facet | Andreja Primec Jernej Belak |
| author_sort | Andreja Primec |
| collection | DOAJ |
| description | Due to the fact that moral commitments of individuals as well as of corporations were not enough for successful fostering of the socially responsible behaviour of corporations, we are facing the new international and national laws fostering the reporting on non-financial activities of the corporations. We can, therefore, observe how the development of theory on corporate governance, in a relationship with the corporate social responsibility has finally resulted in significant changes in international as well as national legislatives. Therefore, in our paper we examine the legal framework of the EU on corporate social responsibility reporting as well as on non-financial statements of corporations. We analyse the aim, the content and the legal effects of this statements under the last amendments from 2014 (Directive 2014/95/EU) and evaluate its contribution to fortifying the role of corporate social responsibility in the corporate governance of EU corporations. The presented paper argues the importance of institutional development in the context of corporate governance and the influence of institutional measures on corporate ethical behaviour and, consequently, on their success implementing the simple aim to protect the interests of all corporations’ stakeholders within the framework of corporate functioning. |
| first_indexed | 2024-04-24T09:26:16Z |
| format | Article |
| id | doaj.art-f5c4ece144ca4dc8ac0fb07b96227b7c |
| institution | Directory Open Access Journal |
| issn | 1331-0194 1846-3363 |
| language | English |
| last_indexed | 2024-04-24T09:26:16Z |
| publishDate | 2018-01-01 |
| publisher | University of Split, Faculty of Economics |
| record_format | Article |
| series | Management : Journal of Contemporary Management Issues |
| spelling | doaj.art-f5c4ece144ca4dc8ac0fb07b96227b7c2024-04-15T14:54:39ZengUniversity of Split, Faculty of EconomicsManagement : Journal of Contemporary Management Issues1331-01941846-33632018-01-0123120321910.30924/mjcmi/2018.23.1.203Towards socially responsible corporate governance with authorities’ interventionsAndreja Primec0Jernej Belak1University of Maribor, Faculty of Business and Economics, Maribor, SloveniaUniversity of Maribor, Faculty of Business and Economics, Maribor, SloveniaDue to the fact that moral commitments of individuals as well as of corporations were not enough for successful fostering of the socially responsible behaviour of corporations, we are facing the new international and national laws fostering the reporting on non-financial activities of the corporations. We can, therefore, observe how the development of theory on corporate governance, in a relationship with the corporate social responsibility has finally resulted in significant changes in international as well as national legislatives. Therefore, in our paper we examine the legal framework of the EU on corporate social responsibility reporting as well as on non-financial statements of corporations. We analyse the aim, the content and the legal effects of this statements under the last amendments from 2014 (Directive 2014/95/EU) and evaluate its contribution to fortifying the role of corporate social responsibility in the corporate governance of EU corporations. The presented paper argues the importance of institutional development in the context of corporate governance and the influence of institutional measures on corporate ethical behaviour and, consequently, on their success implementing the simple aim to protect the interests of all corporations’ stakeholders within the framework of corporate functioning.https://hrcak.srce.hr/file/298303corporate governancemanagementCSRcorporate governance statementnon-financial statement |
| spellingShingle | Andreja Primec Jernej Belak Towards socially responsible corporate governance with authorities’ interventions Management : Journal of Contemporary Management Issues corporate governance management CSR corporate governance statement non-financial statement |
| title | Towards socially responsible corporate governance with authorities’ interventions |
| title_full | Towards socially responsible corporate governance with authorities’ interventions |
| title_fullStr | Towards socially responsible corporate governance with authorities’ interventions |
| title_full_unstemmed | Towards socially responsible corporate governance with authorities’ interventions |
| title_short | Towards socially responsible corporate governance with authorities’ interventions |
| title_sort | towards socially responsible corporate governance with authorities interventions |
| topic | corporate governance management CSR corporate governance statement non-financial statement |
| url | https://hrcak.srce.hr/file/298303 |
| work_keys_str_mv | AT andrejaprimec towardssociallyresponsiblecorporategovernancewithauthoritiesinterventions AT jernejbelak towardssociallyresponsiblecorporategovernancewithauthoritiesinterventions |