HOW DOES GLOBALIZATION INFLUENCE CORPORATE GOVERNANCE AND RESPONSIBILITY? AN OVERVIEW OF ROMANIAN COMPANIES

Abstract

Corporate social responsibility has been the hot topic of recent debates. More and more consumers trust those organizations that also focus on issues related to the issues people are facing each day. These problems mostly relate to: poverty, air pollution, water pollution, global warming, energy consumption. According to most researchers, social responsibility is a means to be used in order to built and also maintain the capital of a brand. However, there are researchers who argue that organizations should and ought to be socially responsible, since this would be the fair way of acting within a society. The main principles of social responsibility are: transparency; taking responsibility and sustainable development. The occurrence of the financial crisis has also intensified debates around the concept of CSR. Most debates refer to the role played by CSR in society and the pros and cons related to the involvement of a company in such social responsibility activities.