The recent global financial crisis has indicated that the conventional dominant paradigm in finance is unable to cope with the problems of financial systems, markets, and behaviour of financial institutions, and failed to understand the proper role of finance in society and the economic system as a whole. Moving away from the conventional financial paradigm, this volume demonstrates paradigm shifting in the financial world and provides fresh insights on how we may reshape the financial reality to enable societal betterment and prevent any future financial crisis.
Between 1993 and 2005, Sabaf – a world-leading manufacturer of components for domestic gas cooking appliances – went through a transformation process to develop a strategic approach to Corporate Responsibility (CR) that embedded social, environmental and governance values into its organisation, its approach to business and its overall performance.
Compared with our neighbouring countries, Belgium does not rank first as regards the level of top salaries. When comparing the remunerations of CEOs in similar companies of the same scope and listed on the stock exchange, the United Kingdom is number one, followed by Germany. Such is the conclusion of a recent survey carried out by the Executive Remuneration Research Centre at Vlerick Leuven Ghent Management School on the salaries of top managers.
During the last decades, a whole series of concepts have been launched in what has developed to a new management field : the business and society field also called the social issue in management. These concepts include corporate social responsibility, corporate citizenship, corporate social performance, sustainable development, stakeholder theory, and business ethics.
This book examines the daily problems of responsible investment practitioners. It emphasises the importance of asking the right questions as well as getting the right answers; anD of process as well as product. It raises questions about the very purpose of investment and the responsibilities of investors, both economic and societal. Accessible, vivid and illuminating, 'Dilemmas in Responsible Investment' is the first book specifically written for teaching and professional training in responsible investment. It will be required reading for students, academics and practitioners in the areas of finance, ethics and CSR.