Social Reporting and New Governance Regulation: The Prospects of Achieving Corporate Accountability Through Transparency
26 Pages Posted: 11 Oct 2005
Date Written: September 2005
Abstract
This paper argues that social reporting can be an important form of New Governance regulation to achieve stakeholder accountability. Current social reporting practices, however, fall short of achieving stakeholder accountability and actually may work against it. By examining the success and failures of other transparency programs in the United States, we can identify key factors for ensuring the success of social reporting over the long term. These factors include increasing the benefits-to-costs ratios of both the users of the information and the disclosers, and recognizing the importance of the involvement of third-party intermediaries.
Keywords: Social reporting, sustainability reporting, social responsibility, regulation
JEL Classification: G38, K29, M14
Suggested Citation: Suggested Citation
Do you want regular updates from SSRN on Twitter?
Recommended Papers
-
By Mark Latham
-
By Mark Latham
-
By Mark Latham
-
The Internet Will Drive Corporate Monitoring
By Mark Latham
-
Corporate Democracy and Stockholder-Adopted By-Laws: Taking Back the Street?
-
Voter-Funded Media: Governance Reform for Democracies and Corporations
By Mark Latham
-
The Political Economy of Transparency: What Makes Disclosure Policies Sustainable?
By Archon Fung, Mary Graham, ...
-
How to Fix Wall Street: A Voucher Financing Proposal
By Stephen J. Choi and Jill E. Fisch
-
Who Should Guard the Guardians? A New Approach for Monitoring Class Action Lawyers
By Alon Klement