- Title
- Corporate Sustainability/CSR and the Influence of the Independent Director : "100% Pure" New Zealand
- Creator
- Wells, Philippa; Ingley, Coral; Mueller, Jens
- Date
- 2014
- Type
- Text; Conference paper
- Identifier
- http://researchonline.federation.edu.au/vital/access/HandleResolver/1959.17/92672
- Identifier
- vital:9629
- Identifier
- ISBN:2048-9021
- Abstract
- Companies/corporates are facing pressure to expand their reporting beyond the financial to include environmental and social performance. Governments are generally reluctant to legislate for such expansion in reporting but many corporates have responded by seeking recognition for their progress in this regard by reporting on CSR/sustainability initiatives or otherwise publicising such activities. However, some corporates are slower to react. At the same time there has been a push for the election of independent directors to boards, sometimes as a majority of members. It is now pertinent to explore the matter of whether such directors are influencing corporates in their sustainability and CSR policies. Within a framework shaped by Institutional theory, and via an examination of the publicly available published reports and other documented information on the Top 50 companies on the New Zealand Exchange (the NZX), this paper explores this question. The initial findings from this examination suggest that the reporting and performance record for these New Zealand corporates is both disappointing and limited. The finding is all the more interesting in light of the country's global "100% pure" marketing mantra and the environmentally responsible image and reputation the country seeks to cultivate internationally.
- Publisher
- ACAD Conferences Ltd
- Relation
- Proceedings of the 10th European Conference on Management Leadership and Governance (Ecmlg 2014); Zagreb, Republic of Croatia; 13th-14th November 2014 p. 372-380
- Rights
- Copyright (C) Academic Conferences & Publishing International Ltd.
- Rights
- This metadata is freely available under a CCO license
- Subject
- Corporate governance; Sustainability and CSR; Independent directors; New Zealand; Listed companies; Institutional theory
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