Corporate Social Responsibility affects Corporate Governance as it stretches the accountability of companies beyond its traditional boundaries. This however may conflict with the corporate objective of maximizing stockholder wealth. The paper provides an overview of various academic theories and corporate attitudes on this issue and discusses the merits and disadvantages of the two main governance modes: the stockholder mode and the stakeholder mode.
Grondslagen van corporate governance behandelt op een geïntegreerde benadering de juridische, economische en financiële aspecten van behoorlijk ondernemningsbestuur in samenhang, aan de hand van de verschillende mechanismen en actoren in het systeem van corporate governance.
While the wide stream of corporate governance literature dominates governance research, less attention is brought to its applicability to SMEs. We propose that a new perspective on governance research is needed to improve our ability to understand the governance mechanisms driving these smaller firms. Note: this is a confidential paper, part of a PhD-program and awaiting publication (as per August 2024)
The project is a field study for several diverse hotel chains, including individual properties operated under the Marriott brand, Postillion Hotels. Each brand has unique values, missions, and visions. Therefore, this integration will lead to the development of company-specific sustainability strategies and processes. The study will use the model of levers of control to provide such tailor-made solutions and determine if a generic approach can be developed to match a corporate sustainability strategy with a corporate strategy and develop a supporting management control system for operationalizing the sustainability strategy. Research question: How can a hotel brand formulate and implement a sustainability strategy with a supporting management control system that not only complies with the new CSRD (Corporate Sustainability Reporting Directive) legislation but also emphasizes the creation of substantial value in financial and ESG (Environmental, Social, and Governance) aspects, based on double materiality, in line with the organization's corporate values and beliefs? Objective The aim is to develop a validated method, including tools, that hotels can use to create a sustainability strategy in line with the CSRD guidelines. This strategy should create value for the organization, the environment, and society, while aligning with the hotel's values and beliefs. Merely being compliant with the CSRD is not enough for hotels. Instead, they should view the implementation of the CSRD as an opportunity to stand out in terms of sustainability. By creating value in areas such as environment, safety, and governance, or through the six capitals (financial, manufactured, intellectual, human, social and relationship, and natural) that align with the UN-SDGs, and explicitly taking both an inside-out and an outside in perspective (double materiality), hotels can significantly enhance their sustainability reputation.
The natural environment is dependent on water to provide society with many essential benefits or “ecosystemservices” (e.g. drinking water, biodiversity, food production, recreation, carbon sequestration). A number of EUdirectives aim to protect and improve the delivery of these services. However, successful implementation andintegration of the different directives at a local level is a major shared challenge in the North Sea Region.Understanding how this can be achieved is fundamental to delivering long-term sustainable ecosystem-basedmanagement strategies for the North Sea Region and the focus for the WaterCoG project.The project will demonstrate through the adoption of new participatory, ecosystem service based approachesthat implementation and integration of different water management frameworks can be achieved at the sametime as providing additional social, economic and environmental benefits not currently being realised.A strong transnational component will identify and incorporate common, transferable elements of differentapproaches into an up-scaling toolbox that will extend the impact of the project and build capacity for deliveringimproved sustainable management strategies for North Sea Region ecosystems.The projects’ output aims for a change in working practice that will improve the integration between top-downimplementation of European and national directives and bottom-up, participatory developed solutions forimproving the quality and sustainable management strategies of North Sea Region ecosystems.
