(P14) On the Regulation of Corporate Social Responsibility
Carlos Lo, Director, Centre for Business Sustainability, The Chinese University of Hong Kong
CSR regulation has been increasingly practised by governments in both developed and developing countries in order to push enterprises to be socially responsible. However, this may go conflict with the original intention of CSR as a voluntary corporate practice. At the same time, increasing government regulation may make enterprises reluctant to go beyond legal requirement in launch their CSR initiative. Therefore it is necessary to consider whether CSR should be legally regulated and the level of regulation in order not to chok corporate initiations.