How Board Structure Influences the Corporate Social Responsibility Strategy of the Firm? Pakistan's Perspective

Asghar Ali

Authors

Asghar Ali

Keywords:

corporate social responsibility, board structure, csr strategy

Abstract

The aim of this working paper is to identify the board structure types and variables that affect the corporate social responsibility strategy of the organizations. The main and core four types of board structures and determinants of corporate social responsibility strategy of the organizations have been identified in this working paper after studying and examining 35 research articles written by eminent scholars. These four types of board structure are: (1) having female directors on the board of directors greatly affects the corporate social responsibility strategy of the firms and such types of firms are appeared to be more philanthropic. (2) Outside or independent directors on board of directors also a major component in determining the organization's corporate social responsibility strategy. (3) Tenure of directors also has positive effects on determination of corporate social responsibility strategy of the organizations and (4) Board size also plays an important role in planning and development of organization's corporate social responsibility strategy. The other small variables and components of board structure also identified by the scholars but the main four are mentioned above. Substantial research gap exists for examining the affects of board composition and board structure in determining the corporate social responsibility strategy in the private and pubic sector organizations of Pakistan.

Downloads

How to Cite

How Board Structure Influences the Corporate Social Responsibility Strategy of the Firm? Pakistan’s Perspective. (2013). Global Journal of Management and Business Research, 13(35), 45-50. https://journalofbusiness.org/index.php/GJMBR/article/view/

Download Citation

References

Ruth Aguilera, Gregory Jackson (2003) The Cross-National Diversity of Corporate Governance: Dimensions and Determinants. 28(3), 447. https://doi.org/10.2307/30040732

Belen Fernandez‐feijoo, Silvia Romero, Silvia Ruiz (2012) Does Board Gender Composition affect Corporate Social Responsibility Reporting?.

S. Bear, N. Rahman, C. Post (2010) The Impact of Board Diversity and Gender Composition on Corporate Social Responsibility and Firm Reputation. 97, 207-231.

Jean Boddewyn (1988) Political Aspects of MNE Theory. 19(3), 341-363. https://doi.org/10.1057/palgrave.jibs.8490392

Robert Carter (1990) The Relationship Between Racism and Racial ldentity Among White Americans: An Exploratory Investigation. 69(1), 46-50. https://doi.org/10.1002/j.1556-6676.1990.tb01455.x

Paul Dunn, Barbara Sainty (2009) The relationship among board of director characteristics, corporate social performance and corporate financial performance. 5(4), 407-423. https://doi.org/10.1108/17439130910987558

Mary Fennell, Jeffrey Alexander (1987) Governing Boards and Profound Organizational Change in Hospitals. 46(2), 157-187. https://doi.org/10.1177/107755878904600204

Daniel Forbes, Frances Milliken (1999) Cognition and Corporate Governance: Understanding Boards of Directors as Strategic Decision-Making Groups. 24(3), 489. https://doi.org/10.2307/259138

Humphry Hung (1998) A Typology of the Theories of the Roles of Governing Boards. 6(2), 101-111. https://doi.org/10.1111/1467-8683.00089

G. Heal (2005) Corporate Social Responsibility: An Economic and Financial Framework. 30(3).

Humphry Hung (2011) Directors' Roles in Corporate Social Responsibility: A Stakeholder Perspective. 103(3), 385-402. https://doi.org/10.1007/s10551-011-0870-5

Amy Hillman, Michael Hitt (1999) Corporate Political Strategy Formulation: A Model of Approach, Participation, and Strategy Decisions. 24(4), 825. https://doi.org/10.2307/259357

L. Hrebiniak (1985) Organizational Adaptation: Strategic Choice and Environmental Determinism. 30(3), 336. https://doi.org/10.2307/2392666

Nabil Ibrahim, John Angelidis (1994) Effect Of Board Members Gender On Corporate Social Responsiveness Orientation. 10(1), 35. https://doi.org/10.19030/jabr.v10i1.5961

Michael Jensen (1993) The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems. 48(3), 831-880. https://doi.org/10.1111/j.1540-6261.1993.tb04022.x

P. Kotler, N. Lee (2005) Corporate social responsibility: Doing the most for your company and for your cause.

D. Karpin (1995) Enterprising Nation: Renewing Australia's Managers to Meet the Challenges of the Asia-Pacific Century-Executive Summary.

Kader Sahin, Sahin Cigdem, Aygun Basfirinci, Ozsalih The impact of board composition on corporate financial and social responsibility performance: Evidence from public-listed companies in Turkey. 5(7), 2959-2978.

G. Keim (1988) The Efficacy of Business Political Activity. 14, 163-180.

George Kassinis, Nikos Vafeas (2002) Corporate boards and outside stakeholders as determinants of environmental litigation. 23(5), 399-415. https://doi.org/10.1002/smj.230

P. Luoma, J. Goodstein (1999) RESEARCH NOTES. STAKEHOLDERS AND CORPORATE BOARDS: INSTITUTIONAL INFLUENCES ON BOARD COMPOSITION AND STRUCTURE. 42(5), 553-563. https://doi.org/10.2307/256976

J. McGuire, A. Sundgren, T. Schneeweis (1988) CORPORATE SOCIAL RESPONSIBILITY AND FIRM FINANCIAL PERFORMANCE. 31(4), 854-872. https://doi.org/10.2307/256342

M. Middleton (1987) Non-Profit Boards of Directors: Beyond the Governance Function.

C. Owen, R. Scherer (1993) Social responsibility and market share. 15(1), 11.

O'Connel V, Crame N (2010) The relationship between firm performance and board characteristics in Ireland. 28, 387-399.

Philipp Kruger (2010) Corporate Social Responsibility and the Board of Directors.

J. Quinn, H. Mintzberg, R. James (1987) The strategy process.

Richard Bernardi, Veronica Threadgill (2010) Women Directors and Corporate Social Responsibility. 15(2).

Rachel Soares, Christopher Marquis, Matthew Lee (2011) Gender and Corporate Social Responsibility: It's a Matter of Sustainability.

C. Stephenson (2004) Leveraging Diversity to Maximum Advantage: The Business Case for Appointing More Women to Boards. 69(1), 1-5.

Said R, Zainuddin YH, Haron H (2009) The relationship between corporate social responsibility disclosure and corporate governance characteristics in Malaysian public listed companies. 5(2), 212-226. https://doi.org/10.1108/17471110910964496

Robert Williams (2003) Women on Corporate Boards of Directors and their Influence on Corporate Philanthropy. 42(1), 1-10. https://doi.org/10.1023/a:1021626024014

Shaker Zahra, John Pearce (1989) Boards of Directors and Corporate Financial Performance: A Review and Integrative Model. 15(2), 291-334. https://doi.org/10.1177/014920638901500208

S. Zadek, N. Hojensgard (2000) The New Economy of Corporate Citizenship.