Corporate Governance : The Foundation for Corporate Citizenship and Sustainable Businesses

Corporate citizenship - a commitment to ethical behavior in business strategy, operations, and culture - has been on the periphery of corporate governance and board leadership, linked mainly to corporate reputation. However, in today’s globalized a...

Full description

Bibliographic Details
Main Authors:	International Finance Corporation, UN Global Compact
Format:	Brief
Language:	English en_US
Published:	Washington, DC 2017
Subjects:	corporate governance stakeholder rights board responsibilities managing risk labor practices environmental impact social responsibility corruption labor standards principles
Online Access:	http://documents.worldbank.org/curated/en/419711483692776758/Corporate-Governance-the-foundation-for-corporate-citizenship-and-sustainable-businesses http://hdl.handle.net/10986/25851

id	okr-10986-25851
recordtype	oai_dc
spelling	okr-10986-258512021-05-25T10:54:39Z Corporate Governance : The Foundation for Corporate Citizenship and Sustainable Businesses International Finance Corporation UN Global Compact corporate governance stakeholder rights board responsibilities managing risk labor practices environmental impact social responsibility corruption labor standards principles Corporate citizenship - a commitment to ethical behavior in business strategy, operations, and culture - has been on the periphery of corporate governance and board leadership, linked mainly to corporate reputation. However, in today’s globalized and interconnected world, investors, creditors, and other stakeholders have come to recognize that environmental, social, and governance responsibilities of a company are integral to its performance and long-term sustainability. Today, these concerns help determine profits. For companies to operate successfully and sustain growth, boards must incorporate these new dimensions into their core decision making processes. The global financial crisis has heightened the need for corporate boards of directors to provide well-informed strategic direction and engaged oversight that stretches beyond short-term financial performance. A new vision of business is emerging - one where a set of core values, encompassing human rights, environmental protection, and anti-corruption measures, guide the board’s oversight, relationship with management, and accountability to shareowners. Good corporate governance is the glue that holds together responsible business practices, which ensures positive workplace management, marketplace responsibility, environmental stewardship, community engagement, and sustained financial performance. For more publications on IFC Sustainability please visit www.ifc.org/sustainabilitypublications. 2017-01-13T18:19:38Z 2017-01-13T18:19:38Z 2017-01 Brief http://documents.worldbank.org/curated/en/419711483692776758/Corporate-Governance-the-foundation-for-corporate-citizenship-and-sustainable-businesses http://hdl.handle.net/10986/25851 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation Washington, DC Publications & Research Publications & Research :: Brief
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	corporate governance stakeholder rights board responsibilities managing risk labor practices environmental impact social responsibility corruption labor standards principles
spellingShingle	corporate governance stakeholder rights board responsibilities managing risk labor practices environmental impact social responsibility corruption labor standards principles International Finance Corporation UN Global Compact Corporate Governance : The Foundation for Corporate Citizenship and Sustainable Businesses
description	Corporate citizenship - a commitment to ethical behavior in business strategy, operations, and culture - has been on the periphery of corporate governance and board leadership, linked mainly to corporate reputation. However, in today’s globalized and interconnected world, investors, creditors, and other stakeholders have come to recognize that environmental, social, and governance responsibilities of a company are integral to its performance and long-term sustainability. Today, these concerns help determine profits. For companies to operate successfully and sustain growth, boards must incorporate these new dimensions into their core decision making processes. The global financial crisis has heightened the need for corporate boards of directors to provide well-informed strategic direction and engaged oversight that stretches beyond short-term financial performance. A new vision of business is emerging - one where a set of core values, encompassing human rights, environmental protection, and anti-corruption measures, guide the board’s oversight, relationship with management, and accountability to shareowners. Good corporate governance is the glue that holds together responsible business practices, which ensures positive workplace management, marketplace responsibility, environmental stewardship, community engagement, and sustained financial performance. For more publications on IFC Sustainability please visit www.ifc.org/sustainabilitypublications.
format	Brief
author	International Finance Corporation UN Global Compact
author_facet	International Finance Corporation UN Global Compact
author_sort	International Finance Corporation
title	Corporate Governance : The Foundation for Corporate Citizenship and Sustainable Businesses
title_short	Corporate Governance : The Foundation for Corporate Citizenship and Sustainable Businesses
title_full	Corporate Governance : The Foundation for Corporate Citizenship and Sustainable Businesses
title_fullStr	Corporate Governance : The Foundation for Corporate Citizenship and Sustainable Businesses
title_full_unstemmed	Corporate Governance : The Foundation for Corporate Citizenship and Sustainable Businesses
title_sort	corporate governance : the foundation for corporate citizenship and sustainable businesses
publisher	Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/419711483692776758/Corporate-Governance-the-foundation-for-corporate-citizenship-and-sustainable-businesses http://hdl.handle.net/10986/25851
_version_	1764460421426708480

Corporate Governance : The Foundation for Corporate Citizenship and Sustainable Businesses

Similar Items