CORPORATE GOVERNANCE AND CORPORATE SOCIAL RESPONSIBILITY – REGULATORY REQUIREMENT TO INCLUSIVE STRATEGY

In today’s globalized competitive market a proposal without incentives is readily rejected by any Organization. The primary question the management people ask is why we should share our profit? In such a scenario suggesting something which may not result into visible monetary benefits immediately is quite difficult. This book attempts to discuss the idea of propagating Corporate Governance Corporate Social Responsibility as an inclusive strategy for overall prosperity of the business.

The stakeholder theory of Corporate Governance is opting for the model. We are in the era where every practice has a history as well as a forecast or future. The concept of Corporate Governance when viewed in the past through various dimensions like Agency theory, stewardship theory and stakeholder theory etc., among these, Stake holder theory is being popularized only in recent past. This shows that with the increase in variety of stakeholders their importance is also noticed positively. Also organization practice and risk management factors are occupying prime space in the overall discussion of Corporate Governance. Interestingly, no industry or sector is left out of the application or the adoption of Corporate Governance practices. The first edition of this book emphasizes on the importance of how it is beneficial to adopt Corporate Governance and Corporate Social Responsibility as inclusive strategy rather than regulatory requirement. This book serves as referring literature for researchers as well as post graduate and graduate students in the area of Humanities and social sciences