ASSESSING THE NEXUS BETWEEN CORPORATE GOVERNANCE, CORPORATE SOCIAL RESPONSIBILITY AND CORPORATE REGULATION: THE WAY FORWARD FOR THE OHADA ZONE
Journal: International Journal of Advanced Research (Vol.6, No. 7)Publication Date: 2018-07-10
Authors : Dashaco John Tambutoh; Bande Gulbert Mbah Tarh.;
Page : 304-326
Keywords : Nexus Corporate Social Responsibility Corporate Governance Corporate Regulation OHADA;
Abstract
Encyclopaedic Corporate Governance (CG) is now a mainstream issue of concern in the business world. Yet, there has been no systematic investigation of CG practices in general, allowing for a distinction between the profit and non-profit organizations. In this regard, this article aims to investigate the nuances in the application of sound governance principles across different types of organizations in general, together with the understanding and applications of Corporate Social Responsibility (CSR) and Corporate Regulation (CR) in the context of the OHADA zone. With CSR envisages as a model of CG that extends the fiduciary duties from fulfilment of responsibilities towards the shareholders of the firm to fulfilment of analogous fiduciary duties towards all the firm?s stakeholders. Thus, after considering the place of CSR in the debate about alternative CG modes, a full-fledged social contract foundation of the multi-stakeholder and multi-fiduciary model is present. The article, therefore, shows that CSR is a social norm that would endogenously emerge from the stakeholders? social contract seen as the first move in an equilibrium selection process that reaches the equilibrium state of a CG institution; and as a global trend involving corporations, states, international organizations and civil society organizations. Besides, the article portrays the trend of CSR in three ways: as a regulatory framework that places new demands on corporations; as a mobilization of corporate actors to assist the development aid of states and; as a management trend. With each of these portraits suggesting certain actors, relations, driving forces and interests as being central. These multiple identities may partially describe the trend?s success, but could equally well describe its contestation, fragility and fluidity. Based on the argument that CSR is not just a fashion but rather the future from another angle, the article explicitly explores the nexus between CSR, CG and CR as appreciated in the OHADA zone. It also presents fresh insights into the applications of CG and CSR principles under the OHADA perspective that has not received systematic attention and consideration in the literature and, thus, provides policy recommendations to mainstream a viable CSR framework in the OHADA zone.
Other Latest Articles
- THE PREDICTION OF COMPANY FINANCIAL PERFORMANCE BANKRUPTCY BY RATIO, STOCK AND Z-SCORE(PT MAIN TBK)
- Chondroblastic variant of gnathic osteosarcoma– A rare case report
- HAMARTOME MAMMAIRE : A PROPOS D?UN CAS
- SOCIAL ROLE OF MILITARY?S WIFE IN ORDER TO SUPPORT HUSBAND PROFESSIONALISM AS THE NATIONAL DEFENCE VANGUARD (CASE STUDY OF KARTIKA CHANDRA KIRANA NATIONAL ARMED WIVES' UNION (PERSIT) AT LIV YONARHANUDSE-8 PD V BRAWIJAYA)
- ASSESSMENT OF COMPUTER STUDIES TEACHERS? CONSTRAINTS IN THE USE OF INFORMATION AND COMMUNICATION TECHNOLOGY
Last modified: 2018-08-22 17:33:24