The dynamics of corporate social responsibilities

CONTENTS
......Page 6
ABBREVIATIONS......Page 8
PREFACE......Page 10
CHAPTER 1 INTRODUCTION......Page 12
1.1.1. Law-oriented approaches......Page 15
1.1.2. CSR approaches......Page 20
1.2.1. Law-oriented approaches......Page 24
1.2.2. CSR approaches......Page 28
1.3. Matters of approach......Page 30
1.4. Disposition of the book......Page 34
CHAPTER 2 ANCHORING CSR IN COMPANY LAW......Page 38
2.1. Managerial duties of care and loyalty under company laws......Page 39
2.1.1. Clarification of duty of care through identification of whose interests can be considered......Page 42
2.1.2. Clarification of duty of care through judicial review......Page 51
2.1.3. Clarification of duty of care through other corporate governance mechanisms......Page 63
2.2.1. Triple spin-off that company law performs......Page 79
2.2.2. Divergent standards......Page 81
3.1. Milton Friedman and his critics......Page 84
3.1.1. Friedman's views......Page 87
3.1.2. Stakeholder theory's response......Page 91
3.1.3. Winning by default?......Page 97
3.2. The stakeholder norm......Page 101
4.1. Context of CSR: governance gaps and business responses......Page 108
4.1.1. Labour......Page 109
4.1.2. Natural resources......Page 111
4.1.3. New markets......Page 113
4.2. Business case of CSR......Page 117
4.3. Stages of CSR implementation......Page 121
4.3.1. Human rights impact assessments......Page 123
4.3.2. Management systems......Page 125
4.3.3. External audit of performance......Page 150
4.3.4. Social reporting......Page 154
4.3.5. Assurance of reports......Page 157
4.4. Pull from market actors......Page 161
4.5. Scaling-up CSR......Page 166
4.5.1. Limits of CSR according to sceptics......Page 167
4.5.2. Limits of CSR according to proponents......Page 170
CHAPTER 5 POLICIES AND LAWS RELEVANT TO CSR......Page 178
5.1.1. International level......Page 180
5.1.2. National level......Page 187
5.2.1. Narrowly defined disclosures benefiting 'reasonable investors'......Page 188
5.2.2. Disclosures in the 'grey zone' benefiting multiple audiences......Page 197
5.2.3. 'Right-to-know' disclosures benefiting certain stakeholders......Page 218
5.3.1. US Sentencing Guidelines......Page 231
5.3.2. US Environmental Protection Agency's Audit Policy......Page 237
5.3.4. Regulations mandating management systems......Page 239
5.4.1. Early days for transnational litigation......Page 241
5.4.2. Legal definition of negligence......Page 245
6.1.1. Reporting regulations......Page 256
6.1.2. Regulations referring to management systems......Page 261
6.1.3. Negligence under tort law......Page 267
6.1.4. Intermediary variables – understanding decentralised regulatory regimes......Page 272
6.2. Due process considerations in administrative law......Page 289
6.3. Observations from regulatory theory......Page 300
6.4. Incremental institutionalisation of CSR regime......Page 313
6.4.1. Functions and dynamics of regimes......Page 314
6.4.2. Specifying positive obligations ('support' human rights)......Page 322
CHAPTER 7 CONCLUSIONS......Page 332
REFERENCES......Page 344
INDEX......Page 378