In recent years, conformance rather than compliance has gained
attention in executive suites. While compliance with laws,
regulations, statutes, and other formal legal frameworks for corporate
activity have been on the agenda for several decades, conformance with
norms, values, ethics, and guidelines expected by stakeholders and
others in society is recently reaching the top of executive agendas.
An important reason in this shift of attention from compliance to
conformance is the speed as well as severity of damage and harm from
breaches and violations of the social license to operate, as compared
to violations of the legal license to operate. While a legal process
in the criminal justice system at corporate wrongdoing tends to last
for years before a final outcome is reached, a social process about
corporate misconduct tends to have serious consequences a few days
after disclosure, exposure, and condemnation. An example is boycotts
of companies, quickly mobilized in social and traditional media, as a
reaction to corporate misconduct. Several measures can be taken to
restore corporate conformance. One of them is termination of top
executives by making them scapegoats of scandal. Executive dismissal
is frequently deployed as a crisis management tactic.
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Maintaining the Social License to Operate
Produktdetaljer
ISBN
9781804417416
Publisert
2025
Utgave
1. utgave
Utgiver
Ethics Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter