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Promoting more socially responsible corporations through UK company law after the 2008 financial crisis: turning of the crisis compass

Zhao, J 2011, 'Promoting more socially responsible corporations through UK company law after the 2008 financial crisis: turning of the crisis compass' , International Company and Commercial Law Review , 22 (9) , pp. 275-284.

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    Abstract

    After the 2008 financial crisis, pluralistsare worried that sustainability and enlarged corporate responsibility towards social and philanthropic concerns are disappearing from the boardroom agenda as companies try to tighten their belts in the face of turbulent stock markets and a looming economic slowdown. Corporate social responsibility (CSR hereinafter) may be regarded as a “fad whose time has come and gone”. The relationship between CSR and the financial crisis will be discussed to illuminate the question of how to prompt the corporations to be more socially responsible and competitive in order to avoid or minimise the risk of getting into further financial difficulties. Positive aspects of Section 172 of the Companies Act 2006 will be examined in response to defects of corporate governance after the financial crisis

    Item Type: Article
    Themes: Subjects outside of the University Themes
    Schools: Colleges and Schools > College of Business & Law > Salford Business School > International Strategy People Management & Salford Law
    Journal or Publication Title: International Company and Commercial Law Review
    Publisher: Sweet and Maxwell
    Refereed: Yes
    ISSN: 0958-5214
    Depositing User: Dr Jingchen Zhao
    Date Deposited: 22 Sep 2011 09:50
    Last Modified: 29 Oct 2013 13:54
    URI: http://usir.salford.ac.uk/id/eprint/17662

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