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Corporate Social Responsibility

Perspectives for Sustainable Corporate Governance

Catherine Malecki

Corporate social responsibility (CSR) is setting new missions for companies and shining a welcome light on issues such as the behaviour of board members, shared value, the well-being of stakeholders, the protection of vulnerable individuals and the roles played by public opinion and shareholders. This timely book seeks to lay the foundations for a sustainable corporate governance based on the European Commission definition of CSR as ‘the responsibility of enterprises for their impacts on society’. More generally, this sustainable corporate governance responds to some of the pressing challenges of the 21st century, from sustainable finance and climate change to carbon reduction and population growth.
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Conclusion

Perspectives for Sustainable Corporate Governance

Catherine Malecki

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565.  A paradigm shift: towards a care-based corporate governance. Corporate governance has reached an important stage in its evolution. Its encounter with Corporate Social Responsibility (CSR) has accelerated the drive towards greater responsibility, a longer-term view and more dialogue. In order to integrate these new requirements and new issues, destructuring is required before reconstruction.1 This destructuring-reconstruction is a part of “the continuation of history and corporate law”.2 The very success of CSR, sustainable finance and the corporate governance paradigm shift is tangible.

566.  The success of the European Union. This success is owed to the various bodies of the European Union which have defined the CSR roadmap over the past 15 years or so. How many different recommendations, resolutions, communications, consultations and action plans have been necessary to advance the CSR cause? The answer to that question is far from easy, but what is certain is that the European Union has ploughed its furrow deep, as shown by the proposal for a directive of 16 April 2013 and the adoption by the European Parliament of the Directive of 20 November 2013 as steps in the journey of European CSR into adulthood, or towards its visible emancipation in the view of its critics. In fact, CSR has imposed itself by giant steps in many Member States (admittedly with varying levels of success) as a necessary development of corporate governance. The call issued by the French Platform for Global Action on CSR in favour of...

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