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9 - Professional Advisory Services and CSR Responsibilisation, Accountability and Transparency

from Part III - Stimulating Private Regulation of Corporate Social Responsibility

Published online by Cambridge University Press:  15 June 2023

Onyeka K. Osuji ,
Franklin N. Ngwu  and
Gary Lynch-Wood
By
Onyeka K. Osuji
Onyeka K. Osuji
Affiliation:
University of Essex
Franklin N. Ngwu
Affiliation:
Pan-Atlantic University Lagos Business School, Nigeria
Gary Lynch-Wood
Affiliation:
University of Manchester School of Law
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Summary

This chapter focuses on the critical corporate governance role of outsiders providing professional advisory services in promoting corporate social responsibility (CSR). It draws on insights from responsive regulation and institutional theories to make the case for including professional advisory services such as accounting and auditing firms, management consultancies, rating agencies, external company secretaries, and public relations, advertising and marketing firms in the CSR legal infrastructure. Proposing an inclusive and limited stakeholder approach, the chapter outlines creative ways for enabling the CSR responsibility, accountability and transparency of professional advisory services.

Keywords

accountabilityauditingcorporate governancecorporate social responsibilityenforced self-regulationinstitutional theoryresponsive regulationstakeholderstransparency
Type
Chapter
Information
Corporate Social Responsibility Across the Globe
Innovative Resolution of Regulatory and Governance Challenges
 , pp. 197 - 227
Publisher: Cambridge University Press
Print publication year: 2023

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To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

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