Corporate Behavior and Sustainability

Doing Well by Being Good

Business & Finance
Cover of the book Corporate Behavior and Sustainability by , Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9781317159544
Publisher: Taylor and Francis Publication: October 4, 2016
Imprint: Gower Language: English
Author:
ISBN: 9781317159544
Publisher: Taylor and Francis
Publication: October 4, 2016
Imprint: Gower
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Taylor and Francis

Cover of the book Development Studies and Colonial Policy by
Cover of the book Origin of Kibosh by
Cover of the book Hayek On Mill by
Cover of the book In Celebration of Play by
Cover of the book Self-Control by
Cover of the book Community Management of Rural Water Supply by
Cover of the book Women in Sufism by
Cover of the book Dicaearchus of Messana by
Cover of the book Mixed Ability Grouping by
Cover of the book The Shaping of Modern Britain by
Cover of the book Personality, Design and Marketing by
Cover of the book Managing Famine, Flood and Earthquake in China by
Cover of the book Science and Ideology by
Cover of the book Rethinking Gender and Youth Sport by
Cover of the book Encounters with Tadeusz Kantor by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy