Global Corporate Accountability
DOI:
https://doi.org/10.4468/2020.1.04lambinKeywords:
Global Corporate Accountability, Global Civil Regulation, Firms of Endearment, Global Firms, Circular Economy, Recycling, Societal Accounting, Global MarketsAbstract
Global corporate accountability refers to the performance of a publicly traded company in non-financial areas such as social responsibility, sustainability and environmental performance. The emergence of global civil regulation is rooted in the perception that economic globalization has created a structural imbalance between the size and power of global firms and markets and the capacity and/or willingness of governments to adequately regulate their corporate conduct. The objective of economic sustainability implies the development within the firm of a societal corporate accountability system, which will help the firm to manage its economic and societal responsibilities and to periodically report to its different stakeholders.
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