Publication: Corporate governance in a risk society
Corporate governance in a risk society
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Schneider, A., & Scherer, A. G. (2015). Corporate governance in a risk society. Journal of Business Ethics, 126(2), 309–323. https://doi.org/10.1007/s10551-013-1943-4
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Under conditions of growing interconnectedness of the global economy, more and more stakeholders are exposed to risks and costs resulting from business activities that are neither regulated nor compensated for by means of national governance. The changing distribution of risks poses a threat to the legitimacy of business firms that normally derive their legitimacy from operating in compliance with the legal rules of democratic nation states. However, during the process of globalization, the regulatory power of nation states has been w
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Schneider, A., & Scherer, A. G. (2015). Corporate governance in a risk society. Journal of Business Ethics, 126(2), 309–323. https://doi.org/10.1007/s10551-013-1943-4