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Is Corporate Governance Policy a New Paradigm for Social Responsibility? A Research Agenda from Ghana Cover

Is Corporate Governance Policy a New Paradigm for Social Responsibility? A Research Agenda from Ghana

By: Alphonse Kumaza  
Open Access
|Mar 2019

Abstract

Social responsibility has received great authorial comments on making business commitments compensatory for corporate profits and/or rent-seeking in host communities. Unfortunately, that voice remains silent on the fundamental component of business responsibility and its improvement, i.e., governance policy. The paper, consequently, recommends a corporate policy for equitable and compensatory corporate citizenship in local communities. To justify the proposition, three objectives are established: proof that social responsibilities can improve with a governance policy, that authoritative policy represents a crucial change in social initiatives execution, and that policy absence incentivises implementation ineffectiveness and commitments paucity. Triangulation of interviews and survey data through SPSS analysis shows statistically significant coefficients validating the claim that corporate governance policy is an enrichment and facilitator of social responsibilities. The proposed policy framework will not only deliver competitive, scientific, objective, and excellent services but also represent a novel and future academic investigation.

DOI: https://doi.org/10.2478/ngoe-2019-0001 | Journal eISSN: 2385-8052 | Journal ISSN: 0547-3101
Language: English
Page range: 3 - 15
Submitted on: Oct 1, 2018
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Accepted on: Jan 1, 2019
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Published on: Mar 29, 2019
Published by: University of Maribor
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2019 Alphonse Kumaza, published by University of Maribor
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.