Professional Advisory Services and CSR Responsibilisation, Accountability and Transparency

Onyeka K. Osuji; Franklin N. Ngwu; Gary Lynch-Wood

doi:10.1017/9781108558006.009

9 - Professional Advisory Services and CSR Responsibilisation, Accountability and Transparency

from Part III - Stimulating Private Regulation of Corporate Social Responsibility

Published online by Cambridge University Press: 15 June 2023

Franklin N. Ngwu and

Onyeka K. Osuji: Affiliation:
University of Essex
Franklin N. Ngwu: Affiliation:
Pan-Atlantic University Lagos Business School, Nigeria
Gary Lynch-Wood: Affiliation:
University of Manchester School of Law

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Summary

This chapter focuses on the critical corporate governance role of outsiders providing professional advisory services in promoting corporate social responsibility (CSR). It draws on insights from responsive regulation and institutional theories to make the case for including professional advisory services such as accounting and auditing firms, management consultancies, rating agencies, external company secretaries, and public relations, advertising and marketing firms in the CSR legal infrastructure. Proposing an inclusive and limited stakeholder approach, the chapter outlines creative ways for enabling the CSR responsibility, accountability and transparency of professional advisory services.

Keywords

accountability auditing corporate governance corporate social responsibility enforced self-regulation institutional theory responsive regulation stakeholders transparency

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Type: Chapter
Information: Corporate Social Responsibility Across the Globe
Innovative Resolution of Regulatory and Governance Challenges
, pp. 197 - 227

DOI: https://doi.org/10.1017/9781108558006.009 [Opens in a new window]

Publisher: Cambridge University Press

Print publication year: 2023

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