Meta-Regulation Approach to CSR
Meta-regulation is comparatively a new regulatory approach that encourages companies to transcend their social responsibilities. The core of this regulatory approach is the fusion of responsive and reflexive mode of regulation. It is a regulation approach to converge the patterns of private ordering and state control in contemporary corporate regulation, so that the incorporation of the core notions of corporate social responsibility into corporate self-regulation would be easier for the regulators. It is an alternative and most suitable regulation approach to raise social responsibility of companies particularly in the weak economy perspective.
The convergence of corporate social responsibility and corporate governance has changed the mechanism of corporate accountability, which has developed “corporate self-regulation” – a synthesis of governance...
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