The Social Responsibility position in Integrative Corporate Governance Model in Pursuit of the General Policies of sustainable economic Development

Document Type : Research/Original/Regular Article

Authors

1 Assistant professor of Management & Social Science Department of Niroo Research Institute, Tehran, Iran

2 research expert at Management & Social Science Department of Niroo Research Institute, Tehran, Iran

3 Faculty member and Manager of management and social science department of Niroo Research Institute, Tehran, Iran

Abstract

In clause 2-1 of "economic affairs" of the general policies, sustainable economic development and its relationship with social security is emphasized. Because of the importance of social responsibility, assessing the performance of corporate governance should be based on criteria that improve their accountability. The purpose of this research is to develop a model of corporate governance within the framework of social responsibility, which assesses the status of companies in terms of governance, with transparent performance indicators. In this study, 15 factors for corporate governance assessment were explained and the proposed model was validated by factor analysis. Then, using a simple cumulative weighting method, 9 prioritised factors were identified for Tehran power distribution company. Afterwards, by Content Analysis method 61 key performance indicators have been recognized to measure the status of the priority improvement factors. With a survey of experts in each factor, the current status of the company and the existing challenges have been identified. Then, with regarding the optimal situation explained by comparative studies, in order to achieve the corporate governance objectives, we have presented improvement goals in the form of 14 projects, 13 actions and 4 structural reforms.

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