"The Corporate Report": still a part to play in CSR?

By:
Mr David Graham Woodward
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This paper revisits The Corporate Report (TCR) and, by endorsing that document's espoused ethos of various corporate stakeholders being concerned with organisations' 'social' performance, suggests it is time to reinforce the validity of stakeholder approaches to corporate social reporting.

Initially, the essential recommendations of TCR are identified since some of these are now adopted as the basis of a suggested reporting framework. A brief summary then follows of 'official' developments post-TCR, indicating endorsement of a stakeholder approach at that level has never been withheld, even if UK interest in comprehensive CSR presently appears somewhat dormant. Given the obvious truism that TCR's proposals have remained largely un-adopted by the majority of UK companies, an analysis is undertaken of objections to the proposals put forward three decades ago. It is argued that those stated objections should no longer be a bar to a stakeholder-based CSR framework.

Evidence is provided of abiding academic interest in the stakeholder concept, suggesting there is a requirement for more corporate 'social' reporting. Proposals are therefore made for a suite of social reporting documents, drawing upon TCR's recommendations in some cases, but supplementing these in the light of recent experience. Here, cognisance is taken of such contemporary developments in triple bottom line reporting as the GRI.

The two issues of both the need for a 'legislative' framework to guide preparation of such corporate documentation, and for the auditing of what is produced, are then examined as being essential to the proposals presented. Some tentative conclusions are finally reached.


Keywords: Accountability, Corporate Social Reporting, "The Corporate Report", Stakeholder(s)
Stream: Economic Sustainability
Presentation Type: 30 minute Paper Presentation in English
Paper: "The Corporate Report"


Mr David Graham Woodward

Reader in Accounting, School of Management, University of Southampton
UNITED KINGDOM


Ref: S05P0156