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Voluntary codes of conduct and their implementation in the Australian mining and petroleum industries: is there a business case for CSR?

Content Provider	Springer Nature Link
Author	Sarker, Tapan K.
Copyright Year	2013
Abstract	The design and development of appropriate regulatory mechanisms have attracted renewed attention in recent years. In particular, a shift towards voluntary self-regulatory mechanisms has been witnessed within many industries, such as the Australian mining and petroleum industries which have developed voluntary codes of conduct. This paper analyses the development of different regulatory forms and provides a brief comparative analysis of the two main voluntary codes of conduct used by the Australian mining and petroleum industries. In particular, the study focuses on the integration of social sustainability elements within these frameworks that help contribute to solving issues such as coverage of human rights, approaches to employee and community relations, systems of stakeholder engagement, community consultation and public reporting. The study concludes that stakeholders have an important role to play in driving the introduction of voluntary regulation. This phenomenon can be traced back to how a company’s need to maintain its legitimacy, or social licence to operate, often motivates it to go beyond compliance. By providing a fuller understanding of factors driving the evolution of different regulatory mechanisms, this study has important implications for policy makers and practitioners interested in developing effective regulation.
Starting Page	205
Ending Page	224
Page Count	20
File Format	PDF
ISSN	22106723
Journal	Asian Journal of Business Ethics
Volume Number	2
Issue Number	2
e-ISSN	22106731
Language	English
Publisher	Springer Netherlands
Publisher Date	2013-01-15
Publisher Place	Dordrecht
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Voluntary codes of conduct Corporate social responsibility Mining and petroleum industries Australia Ethics Economic Growth Management/Business for Professionals Quality of Life Research
Content Type	Text
Resource Type	Article
Subject	Philosophy Economics, Econometrics and Finance Social Sciences Business, Management and Accounting

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