This project presents a dual model of corporate purpose that sees business as a critical mechanism for bringing effective change in this world. It explains the process of rebuilding of corporate purpose by extending it beyond shareholder primacy to political CSR initiatives. It develops a nine-factored analytical framework of Political CSR's corporate governance aspects to justify the commitments of corporations, beyond their economic role, without the possibility of incurring any liability for breaching the boundaries of the law. The core line of this concept relates to providing optimal solutions to various business and human right challenges associated with corporations that erodes trust in businesses globally. Given the current interest in corporate accountability towards wider stakeholders, this research could have a significant impact on corporate law and political CSR scholarship.
Corporate Purpose; Stakeholder Engagement; Accountability; Business and Human Rights
RMIT Research Stipend Scholarship
Acknowledgement of country
RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nation on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business. - Artwork created by Louisa Bloomer