Corporate Governance 2

I am officially finished with my Corporate Governance module. After the lengthy discussions on Corporate Social Responsibility, social entrepreneurship, and social and environmental standards, my module culminated with an oral exam (where I did good enough, I hope!).

My final verdict with our discussions is, so long as a voluntary approach to social responsibility of organizations is employed, especially businesses, these regulations and standards have no "teeth" for enforcement,thus their incremental value to development management is questionable.

Corporate Governance

I started my module on Corporate Governance last week. So far, our class has centered on the debate of the responsibility of corporations to development. This is more commonly known as CSR or Corporate Social Responsibility. I and others in the class questions the incremental contribution of these organizations to development. However, do they actually have the responsibility for CSR? Is this only a result of pressure groups? Could corporations do it anonymously and voluntarily? Or do they do it because it actually makes 'business sense' for corporations to "take care" of their customers?

My opinion is that morality and values play an important role in CSR.