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The interface between corporate governance and corporate social responsibility and its relevance for the financial and insurance sector
Van den Berghe, Lutgart Louche, Céline
Van den Berghe, Lutgart
Louche, Céline
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Publication Type
Working paper
Editor
Supervisor
Publication Year
2004
Journal
Book
Publication Volume
Publication Issue
22
Publication Begin page
Publication End page
Publication NUmber of pages
52
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Abstract
Based on the argument that Corporate Social Responsibility is not just a fashion but rather the future from another angle, this paper explores the link between corporate governance and corporate social responsibility in insurance. Although insurance industries have been less exposed to criticisms than other sectors, like any other business, they are subject to increasing societal scrutiny. After a reconsideration of the corporate governance paradigms and mechanisms, the paper analyses the relevance of corporate social responsibility and corporate governance for the insurance sector. It explores its positive and negative externalities and its role as institutional investor. The paper also provides policy recommendations for mainstreaming corporate social responsibility within the sector.
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Keywords
Corporate Social Responsibility (CSR)