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Title: The business judgement rule and voluntary reporting
Contributor(s): Stone, Christopher D  (author); Martin, Paul  (author)orcid 
Publication Date: 2011
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Abstract: Some sectors of society wishing to sec commerce adopt high standards of corporate citizenship may feel that those managers who do not enthusiastically embrace voluntary social or environmental reporting are trying to avoid their obligations to the broader community. This may be a naive and unfair judgement. The job of the corporate manager is to use other people's money to meet other people's goals. With the role comes a moral and legal responsibility. A challenge for the responsible steward is to balance the private interest of the owners against the public desire for more information about corporate social performance. In this chapter, we explore the line between a narrow perspective on a manager's legal responsibility to be frugal with corporate resources, and the growing expectation that management will spend some of these resources on corporate reporting that may in itself increase pressure on the corporation to spend further resources pursuing social ends.
Publication Type: Book Chapter
Source of Publication: Defending the Social Licence of Farming: Issues, Challenges and New Directions for Agriculture, p. 143-159
Publisher: CSIRO Publishing
Place of Publication: Collingwood, Australia
ISBN: 9780643101593
Fields of Research (FoR) 2008: 180111 Environmental and Natural Resources Law
Socio-Economic Objective (SEO) 2008: 940110 Environmental Services
HERDC Category Description: B1 Chapter in a Scholarly Book
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Editor: Editor(s): Jacqueline Williams and Paul Martin
Appears in Collections:Book Chapter
School of Law

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