Integrating Csr into The Corporate Governance Framework

Abstract

Corporate Social Responsibility (CSR) is a vital part of the Board’s responsibility. Board also executes good Corporate Governance (CG) to govern companies successfully. CSR promotes the socially responsible behaviour of companies whereas CG ensures transparency, fair dealing, protection of stakeholders’ interests, and better risk management. The popularity of the concept of CSR has grown manifolds, similar is the case of CG. The fraudulent practices and management conflicts have kept alive the need for unabated developments in the area of CG. As the reporting on CSR and CG has been mandated, the trend for Non-Financial Reporting Framework (NFRF) is emerging. The Board can play an important role in enforcing good CSR and CG practices, henceforth, it’s better to integrate CSR into the CG framework. This article dwells upon how to integrate the concept of CSR into the extant CG framework. In addition, the article provides a discourse on issues, challenges, and implications for all stakeholders. Further, read on …