The business judgement rule and voluntary reporting

Title
The business judgement rule and voluntary reporting
Publication Date
2011
Author(s)
Stone, Christopher D
Martin, Paul
( author )
OrcID: https://orcid.org/0000-0002-0243-2654
Email: pmartin9@une.edu.au
UNE Id une-id:pmartin9
Editor
Editor(s): Jacqueline Williams and Paul Martin
Type of document
Book Chapter
Language
en
Entity Type
Publication
Publisher
CSIRO Publishing
Place of publication
Collingwood, Australia
Edition
1
UNE publication id
une:10542
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.
Link
Citation
Defending the Social Licence of Farming: Issues, Challenges and New Directions for Agriculture, p. 143-159
ISBN
9780643101593
Start page
143
End page
159

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