The Role of Social Responsibility in Turkey's EU Accession

Abstract

Abstract: Turkish company directors must think about consulting with parties beside shareholders and bankers if Turkish business is to successfully compete in Turkish and EU markets. While Turkish Boards already have complied with much of the legislation required by the acquis communautaire, they will need to continue work on provisions regarding environmental protection, customer safety, workers' rights, competition policy, and anti-corruption. Corporate Social Responsibility represents one avenue by which Turkish firms will tackle these issues. Such responsibility entails more than philanthropic contributions - which Turkish firms do make. Instead, such responsibility will involve the way that Turkish companies implement programmes such as triple bottom line reporting, limited stakeholder boards, and consultative bodies with the government, in order to work more responsibly in their business environment.

Keywords: corporate social responsibility, CSR, Turkey, SRI

JEL Classification: A00, M10