Reinventing Corporate Social Responsibility in Kenya Through Government Regulation
Abstract
Corporate Social Responsibility (CSR) a Corporate Governance principle has been adopted
across the globe. However, individual countries have embraced this concept in their own unique
ways. In Kenya, Corporate Social Responsibility has taken the shape of philanthropic acts by
corporations. While this is commendable, corporations in Kenya are yet to fully appreciate
Corporate Social Responsibility and use it to address some of the problems that plaque
corporations. While philanthropy is one dimension, Corporate Social Responsibility embodies
other important facets that corporations need to incorporate. This paper examines the need to
move away from philanthropic Corporate Social Responsibility and address other aspects of
social responsibility in Kenya. It looks into various Corporate Social Responsibility strategies
such as anti-corruption measures, recognition and enforcement of human rights, environmental
stewardship, stakeholder engagement and sustainability reporting that corporations can pay
attention to in the long run for their own benefit and their stakeholders at large. Further, it
examines how lack of proper regulation has led to neglect of important aspects of Corporate
Social Responsibility by corporations and how government regulation can come in to improve
uptake of Corporate Social Responsibility in Kenya. This study concludes that Kenya as a
developing nation needs to embed the concept of CSR among its businesses if it is to attract
investments from around the world; investors are not only looking to invest in highly profitable
businesses...
Publisher
University of Nairobi
Rights
Attribution-NonCommercial-NoDerivs 3.0 United StatesUsage Rights
http://creativecommons.org/licenses/by-nc-nd/3.0/us/Collections
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