The paper 'Corporate Governance, Corporate Social Responsibility" is an outstanding example of management annotated bibliography. Suzanne, Y. & Vijaya, T. (2009). Governance, employees and CSR: Integration is the key to unlocking value, Asia Pacific Journal of Human Resources. La Trobe University, Melbourne: Australia, 47:167. This article shows how corporate governance has gained increased importance as many firms have been involved in bankruptcies and fraud and also decrease in value and jobs. The article also explores the importance of human resource as a major component of the governance system. It also expands on two resource-based firms and two finance-sector firms. The introduction The article enables one to understand human capital is recognised as the most important asset of a firm.
It also shows how employees may affect corporate governance and that the role of employees is treated as a labour issue rather than as a concern of corporate governance. The literature review The literature review in this article shows that by integrating employees into corporate decision-making, Japanese firms are viewed as a unified body of employees and are seen as a factor that controls the firm. This article also shows the importance of employees as major components of the governance system.
It is argued that when divergence occurs between rhetoric, systems and practice, there occurs a failure of governance. The methods and data sections To come up with the conclusion of this case study, the author used the quantitative method of data collection. This is where the author analyses the responsibilities of corporate executives and how they contribute to the needs of the shareholders. This is an appropriate way of answering the research questions in this case as the data given is convincing given the time the article was written. Analysis and results The results of this article show that industrial relations approaches and labour unions provide a critical environment for a potential governance role for employees as they affect the mode, agenda and the effectiveness of various practices of employee participation.
It is also shown that major stakeholders and employees need to be given governance role and voice on certain issues such as job design, technology choices and compensation. Conclusion and discussion The article concludes by explaining that CSR is a significant new organizational dimension through organizations vary in their approach used in corporate governance.
It is also stated that labour is seen as a significant component for advancing CSR for example through a review of organizational statements. Companies such as Shell Australia is said to operate from stakeholder integrated model though despite its ratings it lacks full employee democracy and voice to employees as key stakeholders. Critical evaluation/analysis The explanation in this article shows that there is a divergent between views and statements of CSR and how these are operationalised throughout the organisation.
The emphasis is more on environmental and financial sustainability while less importance is placed on the dimensions of workplace management and accompanying employee relations approach. It is also analysed that benchmarks such as good reputation index rate organizations lower on workplace management issues than on other issues such as corporate governance and codes of conduct and social impacts such as philanthropy.