Corporate Behavior and Sustainability
Doing Well by Being Good
Güler Aras editor Coral Ingley editor
Format:Hardback
Publisher:Taylor & Francis Ltd
Published:5th Oct '16
Currently unavailable, and unfortunately no date known when it will be back
This hardback is available in another edition too:
- Paperback£41.99(9780367880668)
Companies can no longer expect to engage in dubious or unethical corporate behaviour without risking their reputation and damaging, perhaps irrevocably, their market position. Irresponsible corporate behavior not only deprives shareholders of long-term returns but also ultimately imposes a cost on society as a whole. Sustainable business is about ensuring that entities contribute toward positive social, environmental, and economic outcomes. Bad business behaviour is costly for stakeholders, for markets, for society, and the economy alike.
To ensure that a company behaves well, the buy-in of the leadership team is crucial. The full commitment of the board of directors, in conjunction with the senior managers of the organization, is required if an organization is to be socially responsible. In this sense, leadership does not reside with an individual (the CEO) within the organization but with all of those at the apex of corporate power and control. Effective change management requires enlightened and capable leadership to instigate and drive the process of embedding a sustainable and socially responsible corporate philosophy and culture that supports good business decision-making. A profound understanding of the requirements of such a leadership process will help corporate managers become highly effective change agents.
Governance will be the main driver of this change. For the economy and financial markets to become sustainable and resilient, radical changes in corporate leadership need to take place. Integrated reporting, government regulation, and international standards will all be important factors in bringing about this change.
As well as understanding the effects of corporate behavior on financial markets, such an understanding is also now imperative in relation to the social and environmental contexts.
‘Anyone involved in the development of boardroom functioning will treasure this book because it provides another avenue to help academics and professionals become reflective, observant and introspective. This will be extremely helpful in gaining knowledge for improving business strategy and leading the business of sustainability. True experts on each topic have contributed in achieving this. Impeccable!’
Manoj K. Raut, CEO and Director, Institute of Directors
ISBN: 9781472457691
Dimensions: unknown
Weight: 635g
284 pages