Please explain corporate governance and the use of government policies in corporate social responsibility.© BrainMass Inc. brainmass.com March 5, 2021, 1:52 am ad1c9bdddf
First, corporate governance can provide a clear understanding of how power and responsibility are allocated in the organization (Stephenson, 2009). By creating clearly defined roles and limits for individuals in the organization, corporate leaders can effectively create solid organizational structure which alleviates conflicts and allows individuals to focus on their own tasks. Secondly, government policies can serve as the basis for developing the context of decision making. By developing specific rules for decision making, corporate leaders can effectively influence how decision making occurs. The leadership provides clear instructions that will facilitate the development of positive and ethical decision making (Stephenson, 2009).
Government CSR policies assists organizations. The Solution explains the role of corporate governance, and how to manage the interests of the organization, and there are two principles ways corporate governance can assist organizations.