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Corporate social responsibility and "contemporary community expectations"

du Plessis, Jean Jacques 2017, Corporate social responsibility and "contemporary community expectations", Company and securities law journal, vol. 35, no. 1, pp. 30-46.

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Title Corporate social responsibility and "contemporary community expectations"
Author(s) du Plessis, Jean JacquesORCID iD for du Plessis, Jean Jacques
Journal name Company and securities law journal
Volume number 35
Issue number 1
Start page 30
End page 46
Total pages 17
Publisher Thomson Reuters
Place of publication Rozelle, N.S.W.
Publication date 2017-02-10
ISSN 0729-2775
Summary This article examines recent developments in company law surrounding corporate social responsibility (CSR). The focus is on the recognition of stakeholder interests and the role of contemporary community expectations in director decision making. The author provides judicial evidence regarding the recognition of the legitimate interests of shareholders and other stakeholders in company decision making, but acknowledges that the case law does not establish these interests as “rights”. There is discussion of the role of a company as a “good corporate citizen” and contemporary community expectations concerning responsible corporate behaviour and sustainable growth that does not harm the environment or society. The author subsequently argues that contemporary community expectations form a policy basis for judges to interpret the law to reflect CSR. The unique legislative approaches to CSR adopted in the United Kingdom, Canada, India and the European Union are analysed, with consideration of the legislative elements that serve to promote CSR, and those that merely allow corporations to carry on with profit maximisation in a “business as usual” manner. The article concludes that CSR obligations should be reviewed in Australia, with a view to potential law reform in this area considering recent international developments.
Language eng
Field of Research 1801 Law
1501 Accounting, Auditing And Accountability
Socio Economic Objective 940499 Justice and the Law not elsewhere classified
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2017, Thomson Reuters
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Document type: Journal Article
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