Controlling Corruption through Corporate Social Responsibility and Corporate Governance: Theory and Practice

Carr, Indira; Outhwaite, Opi

doi:10.5235/147359711798110592

Cited by 16 publications

(10 citation statements)

References 18 publications

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“…BEA Systems PLC was indicted in the case of R v. BAE Systems PLC [75]. Upon entering an agreement with the SFO, BAE Systems PLC was fined to pay £500,000 for failing to keep proper records of payments it made to an advisor in Tanzania and was ordered to pay compensation amounting to £30m to Tanzania (Carr and Outhwaite, 2011; Alge, 2013; Zekeri, 2016). It was after the Britain’s Court had penalized BAE Systems PLC the authorities in Tanzania ‘woke up’ and started demanding for payment of the compensation.…”

Section: Tanzania’s Anti-money Laundering Institutional Framework: Po...mentioning

confidence: 99%

Institutionalizing the fight against money laundering in Tanzania: the potential, limitations and challenges

Mniwasa

2021

JMLC

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Purpose This paper aims to examine the authorities tasked to fight against money laundering in Tanzania and appraise the efficacy of the country’s anti-money institutional framework to tackle the problem. Design/methodology/approach The paper draws on a qualitative research and data generated from the analysis of documentary materials. It surveys the anti-money laundering (AML) law in Tanzania to describe the legal and institutional frameworks for tackling money laundering. It explores law-related and non-law aspects to interrogate and appraise the efficacy of Tanzania’s AML law and authorities. The qualitative data were generated using the thematic content analysis technique. Findings The law in Tanzania establishes authorities and vests them with powers to combat money laundering. The authorities, which are part of Tanzania’s AML institutional framework, have been instrumental in combating money laundering. Nevertheless, several law-related and non-law factors emasculate the efficacy of the AML law and authorities in Tanzania. Some political and economic factors wear off the effectiveness of the country’s AML institutional framework. The transnational nature and complexity of money laundering overwhelm the capacity of the AML authorities in Tanzania. Practical implications The paper provides useful insights on money laundering and the legal regime to counteract the scourge in Tanzania which sets up the country’s AML institutional framework. It raises some issues for researchers, policymakers and law enforcers who can re-examine the problem and revisit the law and re-evaluate authorities and propose measures that will enable the government to reinforce the country’s AML regime. The paper makes a case for the government to implement the reforms of the country’s AML policy, legal and institutional frameworks. Originality/value The paper investigates issues relating to money laundering and its control in Tanzania beyond the legal perspective to uncover limitations and challenges that emasculate the efficacy of the AML authorities in the Tanzanian context. The issues examined in this paper are not unique to Tanzania and, hence, have relevance to other jurisdictions in sub-Saharan Africa.

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Section: Tanzania’s Anti-money Laundering Institutional Framework: Po...mentioning

confidence: 99%

Institutionalizing the fight against money laundering in Tanzania: the potential, limitations and challenges

Mniwasa

2021

JMLC

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“…That is, CG is an all-encompassing concept under which CSR falls. Studies that fall into this strand of the literature include Sacconi (2006); Luo (2006); Aguilera et al (2006); Claessens (2003); Carr and Outhwaite (2011); Claessens and Yurtoglu (2012); Elkington (2006) and McCarthy and Puffer (2008). In contrast to these studies, another strand of the literature gives CSR the “umbrella attribute” (Scherer and Palazzo, 2007; Basu and Palazzo, 2008).…”

Section: The Corporate Governance–corporate Social Responsibility Nexus: Related Literaturementioning

confidence: 99%

“…Rudolph (2005) and Elkington (2006) note that an overlap in the terminologies and cross-connections between CSR, ethics, and CG exists. Carr and Outhwaite, (2011) argue that complementarities exist in the relationship between CG and CSR. Bhimani and Soonawalla (2005) note that CG, CSR and stakeholder value creation constitute an integral component of the corporate responsibilities continuum.…”

Section: The Cg-csr Nexus: Related Literaturementioning

confidence: 99%

The corporate governance and social responsibility nexus in the Lebanese banking industry

Gali

Hajjar

Jamali

2016

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Purpose The purpose of this paper is to explore the contrasting views of banks and banking authorities in Lebanon regarding the corporate governance (CG) and corporate social responsibility (CSR) nexus. Design/methodology/approach Using survey responses collected from the managers of five Lebanese banks and banking authorities, the authors conduct a qualitative comparative study of the opinions on CG, CSR and CG–CSR nexus. Findings The findings of this paper reveal that while a CG culture is well-instituted by the authorities and that some forms of CSR are already practiced by banks, disagreements exist between the Lebanese banks and banking authorities in defining the CG–CSR nexus. While CG is viewed as an all-encompassing concept by the banking authorities, most banks ascribe to the paradigm that CG is component of CSR. Research limitations/implications The sample of this paper consists of large banks that have clear CG and CSR agendas. The results, therefore, cannot be generalized for the wider population of Lebanese companies that are characterized by family ownership and non-separation of ownership and control. Practical implications This paper informs both managers and policymakers on the differing views of the CSR–CG nexus while also contributing to informing the policy dialogue. Theoretically, this paper sheds light on the CG–CSR nexus in a developing country context. Originality/value There is a paucity of research on the CG–CSR nexus in the context of developing countries and for the banking sector in specific. This paper aims to address the gap in the literature by providing an in-depth qualitative examination of the CG, CSR and the CG–CSR nexus in the context of the Lebanese banking sector.

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“…Many studies have investigated the various critical roles of maintaining a vibrant CSR system in several societies by clearing away certain development antinomies from the society such as corruption [18], [19]. Some studies have mentioned that certain policies of government aimed at making business organizations more responsible in the country are harsh.…”

Section: Introductionmentioning

confidence: 99%

Corporate Social Responsibility (CSR): An Elixir for Socioeconomic Development in Nigeria

Akinde

2020

EJBMR

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Nigeria appears too slow in harnessing domestic resources towards meeting her socioeconomic needs. However, CSR has been found in several contexts as important means of realizing much–needed expectations of development. Nigeria is currently at the level of perceiving CSR merely as one-off philanthropic thing focusing merely on environmental protection. This study employs various means such as success stories of others, methods adopted for realization of vibrant CSR initiative in their own experience, and some time-tested examples of road map towards international best practices in order to arouse the curiosity of policy makers in Nigeria. The study identified certain structural- functional elements working in tandem for effective realization of CSR in Nigeria. These include Synergy of CSR and Corporate Governance (CG), a viable CSR organization, and institutionalization or culture of monitoring and control. Policy measures recommended include creating CSR into an agency or commission for effective take-off.

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Controlling Corruption through Corporate Social Responsibility and Corporate Governance: Theory and Practice

Cited by 16 publications

References 18 publications

Institutionalizing the fight against money laundering in Tanzania: the potential, limitations and challenges

Institutionalizing the fight against money laundering in Tanzania: the potential, limitations and challenges

The corporate governance and social responsibility nexus in the Lebanese banking industry

Corporate Social Responsibility (CSR): An Elixir for Socioeconomic Development in Nigeria

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