Business–society reciprocity as a guideline for global corporate governance

Abstract

This chapter reviews some of the cohesive concepts raised in the recent literature regarding normative dialogues between business and society. The purpose is to draw a few meaningful implications toward formulating new guiding philosophies for interaction between large global businesses and society in general. As these concepts tend to counterbalance the preponderance of the pure free market ideology and the traditional understanding of cultural segregation, the chapter's discussion thereof should help synthesize divergent arguments into a unified framework for business–society interface in this globalized environment.

Citation

Chang, S.J. (2008), "Business–society reciprocity as a guideline for global corporate governance", Choi, J.J. and Dow, S. (Ed.) Institutional Approach to Global Corporate Governance: Business Systems and Beyond (International Finance Review, Vol. 9), Emerald Group Publishing Limited, Leeds, pp. 81-96. https://doi.org/10.1016/S1569-3767(08)09004-3