Corporate Governance Facing Corporate Social Responsability: Solving Challenges in the 21st Century

Silesian Journal of Legal Studies, Vol 2, 2010

17 Pages Posted: 5 Mar 2014

See all articles by Elena Pérez Carrillo

Elena Pérez Carrillo

Universidade de Santiago de Compostela; Fundación Mapfre

Francisco Hernandez

Universidade de Santiago de Compostela

Date Written: 2010

Abstract

Within the context of modern Corporate Governance and particularly in the aftermath of the financial scandals of the XXIst Century, companies, regulators, markets and the public in general claim for more transparency, accountability, shareholders and investor protection. There is also a trend towards reinforcing the Responsibility of Companies towards the Communities in which they develop their businesses. However, generally speaking shareholders do not have a direct control nor saying in management; and stakeholders possibility of influencing corporations’ decisions seems very rare. This article reviews some of the existing corporate cultural and legal systems and provides ideas for future development of corporate Governance in de field of Share- and Interest-Holders’ protection.

Keywords: Corporate Governance, Legal Systems, shareholders' protection, stakeholders

JEL Classification: L10, K22

Suggested Citation

Pérez Carrillo, Elena and Hernandez, Francisco, Corporate Governance Facing Corporate Social Responsability: Solving Challenges in the 21st Century (2010). Silesian Journal of Legal Studies, Vol 2, 2010. Available at SSRN: https://ssrn.com/abstract=2364780

Elena Pérez Carrillo (Contact Author)

Universidade de Santiago de Compostela ( email )

R/ de San Francisco, s/n
Santiago de Compostela, 15782
Spain

HOME PAGE: http://www.usc.es/crgi

Fundación Mapfre ( email )

Paseo de Recoletos, 23
Madrid, 28004
Spain

Francisco Hernandez

Universidade de Santiago de Compostela ( email )

Complejo Docente - Campus Universitario de Lugo
Lugo, A Coruña 15704
Spain

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