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外文文献翻译译文
一、 外文原文
原文:
Corporate Governance and Corporate Social
Responsibility Synergies and Interrelationships
INTRODUCTION
Corporations have traditionally been conceived as self-centered,profit-maximizing entities constituting the central tenets of capitalism and free marketphilosophies(Hg, 2007). Until recently, the connections between capitalism, economicgrowth, and self-interested corporation have largely gone unquestioned in policycircles (Hg, 2007). However, recent and monumental corporate scandals and failureshave redirected attention to issues of good governance, ethics, trust, andaccountability, heightening the debate on topics of corporate governance (CG) and theethics of economic conduct (Marsiglia and Falautano, 2005).Accordingly, at no timein history have the role and power of the corporation been accorded more popularattention and concern, with the pure profit maximization axiom increasingly calledinto question.
While shareholder value maximization is still a major goal for corporationsworldwide, the rise in social activism and the emergence of new expectations haveindeed caused other aspects of corporate performance to be examined alongsidefinancial results. As firms grow in size and influence, they are no longer expected tobe mere contributors to the global economy, but rather to reconcile and skillfullybalance multiple bottom lines and manage the interests of multiple stakeholders(Jamali, 2006). There is some recent evidence to suggest that organizations aregenerally more inclined today to broaden the basis of their performance evaluationfrom a short-term financial focus to include long-term social, environmental, andeconomic impacts and value added (Hardjono and van Marrewijk, 2001).
This is where the concepts of CG and corporate social responsibility (CSR) enterthe picture. Under the umbrella of CG, companies are encouraged to promote ethics,fairness, transparency, and accountability in all their dealings. They are expected tocontinue generating
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