FROM CSR TO CORPORATE GOVERNANCE AND BEYOND

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FROM CSR TO CORPORATE GOVERNANCE AND BEYOND

• ACME Annual conference
• 21 June 2005, LisbonDominique BéEuropean
  Commission EUROPA.EU.INT/COMM/CSR

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CSR IN LISBON STRATEGY
a special appeal to companies' corporate sense
of social responsibility
CSR practices can play a key role in
contributing to sustainable development while
enhancing Europes innovative potential and
competitiveness
2005
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CSR

• integration of social environmental concerns in
  business operationsin interaction with
  stakeholders 2002 CSR Communication

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CORPORATE GOVERNANCE

• a set of relationships between a companys
  management, its board, its shareholders and other
  stakeholders OECD guidelines for CG

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THE ANALYSIS
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A SUSTAINABILITY WORLD
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A STAKEHOLDERS WORLD
Source NBER
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FROM CSR TO CG BEYOND
Source IESE
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MARKET-DRIVEN
E
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IN DIALOGUE WITH STAKEHOLDERS
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CSR ABOUT GOVERNANCE
Corporate Governance
Social/Community
Environment
Ethical
Source Eurosif
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IN THE NEW ECONOMY

• see The Governance of the New Enterprise,
  Raghuram G. Rajan Luigi Zingales, University of
  Chicago

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THE EVOLUTION
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ANNUAL ACCOUNTS DIRECTIVE(1)

• To the extent necessary for an understanding of
  the company's development, performance or
  position, the annual report shall include both
  financial and, where appropriate, non-financial
  key performance indicators relevant to the
  particular business, including information
  relating to environmental and employee matters

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ANNUAL ACCOUNTS DIRECTIVE(2)

• companies may also provide an analysis of
  environment and social aspects necessary for an
  understanding of the companys development,
  performance and position in their CG statement

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CSR IN SOCIAL DIALOGUE

• new issues
• new parties

• European Works Councils
• International Framework Agreements
• EU sectoral social dialogue statements

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EU CSR FORUM,A GOVERNANCE EXPERIENCE

• IDENTIFY STAKEHOLDERS
• AGREE ON ROLES

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MORE INFO

• EUROPA.EU.INT/COMM/CSR