Abstract
The aim of this paper is to investigate the concepts of Corporate Governance (CG) and Corporate Social Responsibility (CSR) and to examine how they contribute to excellence in business. In the last decade, a significant number of business organizations, including banks have suffered serious financial crisis and even gone bankrupt. CG and CSR here have become two useful tools in the recent years for the organizations to avoid such crisis. Grameen Bank (GB), a Bangladeshi bank operating in the micro-financial sector has been taken under the investigation through case study to meet the objective of the paper. The bank has experienced a tremendous success and growth over the years even amidst the turbulent financial crisis. The paper intervened to relate the role played by the CG and CSR programs behind these unusual phenomena from a critical point of view.
Highlights
Corporate governance (CG) is the field of study that has grown rapidly in the last decade, since the collapse of Enron in 2001 and some other major collapses in various countries [1]
The aim of this paper is to investigate the concepts of Corporate Governance (CG) and Corporate Social Responsibility (CSR) and to examine how they contribute to excellence in business
Grameen Bank (GB), a Bangladeshi bank operating in the micro-financial sector has been taken under the investigation through case study to meet the objective of the paper
Summary
Corporate governance (CG) is the field of study that has grown rapidly in the last decade, since the collapse of Enron in 2001 and some other major collapses in various countries [1]. This paper has been prepared by focusing on the corporate governance and corporate social responsibility (CSR) issue in case of a different breed of banking system. The paper discussed the theoretical issues related to CG and CSR, Micro-Credit system, Non Government Organizations (NGOs) and Grameen Bank, and CG codes (specially the CG code for Bangladesh). Hossain et al 120 case and historical background of CG, CSR, Micro-credit, and Grameen Bank have been discussed in the empirical part. It has been analyzed and discussed on research questions. The research questions that authors have tried to answer are: Why Grameen Bank should adopt corporate governance? The research questions that authors have tried to answer are: Why Grameen Bank should adopt corporate governance? And is there any adaptation of corporate governance code in the bank’s current structure and operations?
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