Social Responsibility Regulation and Its Challenges to Corporate Compliance

Park, Stephen Kim

Journal: Brooklyn Journal of Corporate, Financial & Commercial Law

Volume: 14

Year: 2019

Bluebook Citation: 14 BROOK. J. CORP. FIN. & COM. L. (2019)

Author: Stephen Kim Park: all 4 publications


Abstract

This Article addresses the intersection of corporate social responsibility and corporate compliance. In this context, the focus of this Article is on regulation that seeks to enhance socially responsible corporate conduct and its implications for the compliance function. Social responsibility regulation raises operational concerns for companies, including problems associated with assessing social performance, the proliferation and fragmentation of legal obligations, and the contested nature of the social issues that it addresses. As laws mandating socially responsible corporate conduct continue to grow in number and expand in scope, corporations will increasingly need to acknowledge and respond to these challenges.

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