Corporate Social Responsibility (CSR) and Accountability

The absence of consensus on what should constitute CSR has inhibited consistent CSR legislation around the world.

A recently issued Paper from Mallika Tamvada attempts to change this. 

This paper poses a fundamental question on what should constitute CSR and what should be the nature of Legislation.

By constructing the boundaries of CSR, this paper offers scope for consistently developing CSR Regulation around the world.

It construes CSR as consisting of “Business relation and Impact relation” and demonstrates that these are intertwined with “legal responsibilities of business and therefore consequently with accountability” by establishing the obligatory nature of responsibilities using the lens of both ethical and legal jurisprudence.

The effect of this new approach towards CSR, recasts it as an obligatory responsibility linked to accountability.

It also creates a framework as a foundation for consistent development of CSR regulation across different countries that can lead to an effective discharge of Corporate’s social responsibilities.