The doctrine of corporate social responsibility: towards binding legal responsibility

Corporate social responsibility (CSR) is an all-encompassing phenomenon that recently draws the attention of many practitioners from business communities, environmental activists, human rights advocates and the international community. Corporations are business enterprises that are established with...

Full description

Bibliographic Details
Main Authors:	Ishan Jan, Mohammad Naqib, Lawan Haruna, Abdulrashid
Format:	Article
Language:	English
Published:	Lexis Nexis Malaysia Sdn Bhd 2016
Subjects:	K Law (General)
Online Access:	http://irep.iium.edu.my/54416/ http://irep.iium.edu.my/54416/1/mlj%20naqib%201.pdf

id	iium-54416
recordtype	eprints
spelling	iium-544162017-01-25T03:53:52Z http://irep.iium.edu.my/54416/ The doctrine of corporate social responsibility: towards binding legal responsibility Ishan Jan, Mohammad Naqib Lawan Haruna, Abdulrashid K Law (General) Corporate social responsibility (CSR) is an all-encompassing phenomenon that recently draws the attention of many practitioners from business communities, environmental activists, human rights advocates and the international community. Corporations are business enterprises that are established with the main aim of providing profitable dividend to the shareholders at the end of every business year. However, profit maximization should not be the sole aim of a business enterprise, as such CSR attaches certain voluntary social responsibility on corporations. This stems from the increasing vital role of corporations in the political, social and economic spheres of human endeavors. Accordingly, CSR requires corporations to discharge certain social responsibility that enhances the welfare of the community and environment in which they operate. The paper examines the nexus that exists between CSR and other concepts such as sustainable development, corporate governance and social contract. It discusses CSR as a voluntary action to be taken by corporations though it has gradually started enjoying the flavor of law. The paper further argues that CSR has for long been under the influence of law and there are certain principles of law such as ‘legal personality’ and ‘neighbor principle’, which can be essential in providing legal framework for CSR. It is suggested that in certain cases there is need for a binding legislation to impose obligation and control over corporations in terms of CSR activities to be engaged in by the corporations. Lexis Nexis Malaysia Sdn Bhd 2016 Article PeerReviewed application/pdf en http://irep.iium.edu.my/54416/1/mlj%20naqib%201.pdf Ishan Jan, Mohammad Naqib and Lawan Haruna, Abdulrashid (2016) The doctrine of corporate social responsibility: towards binding legal responsibility. Malayan Law Journal, 6. Ixxviii-xcii. ISSN 0025-1283
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	K Law (General)
spellingShingle	K Law (General) Ishan Jan, Mohammad Naqib Lawan Haruna, Abdulrashid The doctrine of corporate social responsibility: towards binding legal responsibility
description	Corporate social responsibility (CSR) is an all-encompassing phenomenon that recently draws the attention of many practitioners from business communities, environmental activists, human rights advocates and the international community. Corporations are business enterprises that are established with the main aim of providing profitable dividend to the shareholders at the end of every business year. However, profit maximization should not be the sole aim of a business enterprise, as such CSR attaches certain voluntary social responsibility on corporations. This stems from the increasing vital role of corporations in the political, social and economic spheres of human endeavors. Accordingly, CSR requires corporations to discharge certain social responsibility that enhances the welfare of the community and environment in which they operate. The paper examines the nexus that exists between CSR and other concepts such as sustainable development, corporate governance and social contract. It discusses CSR as a voluntary action to be taken by corporations though it has gradually started enjoying the flavor of law. The paper further argues that CSR has for long been under the influence of law and there are certain principles of law such as ‘legal personality’ and ‘neighbor principle’, which can be essential in providing legal framework for CSR. It is suggested that in certain cases there is need for a binding legislation to impose obligation and control over corporations in terms of CSR activities to be engaged in by the corporations.
format	Article
author	Ishan Jan, Mohammad Naqib Lawan Haruna, Abdulrashid
author_facet	Ishan Jan, Mohammad Naqib Lawan Haruna, Abdulrashid
author_sort	Ishan Jan, Mohammad Naqib
title	The doctrine of corporate social responsibility: towards binding legal responsibility
title_short	The doctrine of corporate social responsibility: towards binding legal responsibility
title_full	The doctrine of corporate social responsibility: towards binding legal responsibility
title_fullStr	The doctrine of corporate social responsibility: towards binding legal responsibility
title_full_unstemmed	The doctrine of corporate social responsibility: towards binding legal responsibility
title_sort	doctrine of corporate social responsibility: towards binding legal responsibility
publisher	Lexis Nexis Malaysia Sdn Bhd
publishDate	2016
url	http://irep.iium.edu.my/54416/ http://irep.iium.edu.my/54416/1/mlj%20naqib%201.pdf
first_indexed	2023-09-18T21:17:00Z
last_indexed	2023-09-18T21:17:00Z
_version_	1777411629363757056

The doctrine of corporate social responsibility: towards binding legal responsibility

Similar Items