Weitere Kapitel dieses Buchs durch Wischen aufrufen
The latest European Union’s (EU) guiding policies are encouraging big businesses and state-owned organisations to provide a fair and truthful view of their respective entities’ environmental, social and governance (ESG) performance. At present, European member states are transposing directive 2014/95/EU on non-financial reporting. The EU’s “comply or explain” approach has presented a significant step forward toward the corporations’ active engagement on corporate governance disclosure and transparency. Hence, this chapter makes specific reference to some of the corporations’ best practices as it identifies areas for improvement in corporate governance issues. It explains how three major European banks have reviewed the roles and responsibilities of corporate boards and management. In many cases, they have anticipated any regulatory, legal, contractual, social and market-driven obligations as they helped stakeholders to exercise their rights. This contribution contends that there are significant implications for financial services corporations who intend following the right path toward responsible corporate governance and ethical behaviours.
Bitte loggen Sie sich ein, um Zugang zu diesem Inhalt zu erhalten
Sie möchten Zugang zu diesem Inhalt erhalten? Dann informieren Sie sich jetzt über unsere Produkte:
Abbott, L. J., Parker, S., Peters, G. F., & Rama, D. V. (2007). Corporate governance, audit quality, and the Sarbanes-Oxley Act: Evidence from internal audit outsourcing. The Accounting Review, 82(4), 803–835. CrossRef
Adams, C. (2002). Internal organisational factors influencing corporate social and ethical reporting: Beyond current theorizing. Accounting, Auditing and Accountability Journal, 15(2), 223–250. CrossRef
Arora, P., & Dharwadkar, R. (2011). Corporate governance and corporate social responsibility (CSR): The moderating roles of attainment discrepancy and organization slack. Corporate Governance: An International Review, 19(2), 136–152. CrossRef
Banerjee, S. B. (2008). Corporate social responsibility: The good, the bad and the ugly. Critical Sociology, 34(1), 51–79. CrossRef
Borsa Italiana. (2015, July). Corporate governance code. Accessed February 10, 2016, from http://www.borsaitaliana.it/borsaitaliana/regolamenti/corporategovernance/corporategovernance.en.htm
Camilleri, M. A. (2015a). Valuing stakeholder engagement and sustainability reporting. Corporate Reputation Review, 18(3), 210–222. CrossRef
Camilleri, M. A. (2015b). Environmental, social and governance disclosures in Europe. Sustainability Accounting, Management and Policy Journal, 6(2), 224–242. CrossRef
CERES. (2012). Executive compensation tied to ESG performance. The CERES roadmap for sustainability. Accessed February 2, 2016, from http://www.ceres.org/roadmap-assessment/progress-report/performance-by-expectation/governance-for-sustainability/executive-compensation-tied-to-esg-performance-1
Chan, M. C., Watson, J., & Woodliff, D. (2014). Corporate governance quality and CSR disclosures. Journal of Business Ethics, 125(1), 59–73. CrossRef
DCGC. (2016). Dutch corporate governance code. Accessed February 14, 2016, from http://commissiecorporategovernance.nl/dutch-corporate-governance-code
DCGK. (2016). Deutscher Corporate Governance Kodex. Accessed February 15, 2016, from http://www.dcgk.de/en/home.html
Del Baldo, M. (2012). Corporate social responsibility and corporate governance in Italian SMEs: The experience of some “spirited businesses”. Journal of Management and Governance, 16(1), 1–36. CrossRef
Deutsche Bank. (2015). Deutsche bank annual report 2014: Corporate governance statement/corporate governance report. https://annualreport.deutsche-bank.com/2014/ar/supplementary-information/corporate-governance-report.html
Donaldson, T., & Preston, L. E. (1995). The stakeholder theory of the corporation: Concepts, evidence, and implications. Academy of Management Review, 20(1), 65–91.
EBA. (2011). Guidelines on internal governance (GL44). https://www.eba.europa.eu/regulation-and-policy/internal-governance/guidelines-on-internal-governance
EBA. (2014a). Guidelines on the remuneration benchmarking exercise. https://www.eba.europa.eu/regulation-and-policy/remuneration/guidelines-on-the-remuneration-benchmarking-exercise
EBA. (2014b). Guidelines on the data collection exercise regarding high earners. https://www.eba.europa.eu/regulation-and-policy/remuneration/guidelines-on-the-data-collection-exercise-regarding-high-earners
EBA. (2015). Guidelines on the assessment of the suitability of members of the management body and key function holders (EBA/GL/2012/06). https://www.eba.europa.eu/regulation-and-policy/internal-governance/guidelines-on-the-assessment-of-the-suitability-of-members-of-the-management-body-and-key-function-holders
ECCJ. (2014). Assessment of the EU Directive on the disclosure of non-financial information by certain large companies. Accessed January 3, 2015, from http://business-humanrights.org/sites/default/files/media/documents/eccj-assessment-eu-non-financial-reporting-may-2104.pdf
Eisenhardt, K. M. (1989). Building theories from case study research. Academy of Management Review, 14(4), 532–550.
EU. (2014). EU adopts reporting obligations for human rights and other “non-financial” information. Lexology. Accessed February 10, 2016, from http://www.lexology.com/library/detail.aspx?g=41edd30b-e08c-4d26-ba6f-b87158b5ee85
Friedman, M. (1970, September). The social responsibility of business is to increase its profits. New York Times Magazine, 13, 32–33.
Fuentes-García, F. J., Núñez-Tabales, J. M., & Veroz-Herradón, R. (2008). Applicability of corporate social responsibility to human resources management: Perspective from Spain. Journal of Business Ethics, 82(1), 27–44. CrossRef
Harford, J., Mansi, S. A., & Maxwell, W. F. (2012). Corporate governance and firm cash holdings in the US. In: Boubaker, B. D. Nguyen, D. K. Nguyen (eds.) Corporate governance (pp. 107–138). Berlin, Heidelberg: Springer.
Hambrick, D. C., Werder, A. V., & Zajac, E. J. (2008). New directions in corporate governance research. Organization Science, 19(3), 381–385. CrossRef
IMF. (2013). Italy: Financial system stability assessment. Accessed February 22, 2016, from https://www.imf.org/external/pubs/ft/scr/2013/cr13300.pdf
IMF. (2014). Reforming the corporate governance of Italian banks. Accessed February 22, 2016, from https://www.imf.org/external/pubs/ft/wp/2014/wp14181.pdf
ING. (2014). Corporate governance. Accessed February 14, 2016, from http://www.ing.com/About-us/Corporate-Governance/Legal-structure-and-Regulators.htm
Jizi, M. I., Salama, A., Dixon, R., & Stratling, R. (2014). Corporate governance and corporate social responsibility disclosure: Evidence from the US banking sector. Journal of Business Ethics, 125(4), 601–615. CrossRef
Jo, H., & Harjoto, M. A. (2011). Corporate governance and firm value: The impact of corporate social responsibility. Journal of Business Ethics, 103(3), 351–383. CrossRef
Jones, I., & Pollitt, M. (2004). Understanding how issues in corporate governance develop: Cadbury report to Higgs review. Corporate Governance: An International Review, 12(2), 162–171. CrossRef
Lau, C., Lu, Y., & Liang, Q. (2014). Corporate social responsibility in China: A corporate governance approach. Journal of Business Ethics, 1–15.
Lau, K. L. A., & Young, A. (2013). Why China shall not completely transit from a relation based to a rule based governance regime: A Chinese perspective. Corporate Governance: An International Review, 21(6), 577–585.
Lazonick, W., & O’sullivan, M. (2000). Maximizing shareholder value: A new ideology for corporate governance. Economy and Society, 29(1), 13–35. CrossRef
Manasakis, C., Mitrokostas, E., & Petrakis, E. (2013). Certification of corporate social responsibility activities in oligopolistic markets. Canadian Journal of Economics/Revue canadienne d'économique, 46(1), 282–309. CrossRef
Mason, C., & Simmons, J. (2014). Embedding corporate social responsibility in corporate governance: A stakeholder systems approach. Journal of Business Ethics, 119(1), 77–86. CrossRef
Miller, T., & del Carmen Triana, M. (2009). Demographic diversity in the boardroom: Mediators of the board diversity–firm performance relationship. Journal of Management Studies, 46(5), 755–786. CrossRef
Paine, L. S. (1994). Managing for organizational integrity. Harvard Business Review, 72(2), 106–117.
Rahim, M. M., & Alam, S. (2014). Convergence of corporate social responsibility and corporate governance in weak economies: The case of Bangladesh. Journal of Business Ethics, 121(4), 607–620. CrossRef
Relbanks. (2015). Top European banks. Accessed April 26, 2016, from http://www.relbanks.com/top-european-banks/assets
Schneider, A., & Scherer, A. G. (2015). Corporate governance in a risk society. Journal of Business Ethics, 126(2), 309–323. CrossRef
Sharif, M., & Rashid, K. (2014). Corporate governance and corporate social responsibility (CSR) reporting: An empirical evidence from commercial banks (CB) of Pakistan. Quality and Quantity, 48(5), 2501–2521. CrossRef
Shleifer, A., & Vishny, R. W. (1997). A survey of corporate governance. The Journal of Finance, 52(2), 737–783. CrossRef
Unicredit. (2015). Governance systems and policies. Accessed February 16, 2016, from https://www.unicreditgroup.eu/en/governance/governance-system-and-policies.html
Yin, R. K. (2015). Qualitative research from start to finish. New York: Guilford Publications.
Young, S., & Thyil, V. (2014). Corporate social responsibility and corporate governance: Role of context in international settings. Journal of Business Ethics, 122(1), 1–24. CrossRef
- Responsible Corporate Governance in Europe
Mark Anthony Camilleri
Neuer Inhalt/© Stellmach, Neuer Inhalt/© Maturus, Pluta Logo/© Pluta