Edited by Michel Magnan, Distinguished University Professor of Accountancy and S.A. Jarislowsky Chair in Corporate Governance, John Molson School of Business, Concordia University, Canada and Giovanna Michelon, University of Padova, Italy

‘Magnan and Michelon designed an approach that lays the foundations for a new era in governance. Presenting key corporate social responsibility issues and their implications, they share novel and practical ways to enhance corporate governance effectiveness in facing these new challenges. An exciting and timely contribution to the field, I strongly recommend it.’

• Contents:Corporate governance and corporate social responsibility: Introduction and roadmap xxiPART I FOUNDATIONS1 Corporate governance and corporate social responsibility:A reconciliation with tension 2Michel Magnan and Giovanna Michelon2 Corporate governance and corporate social responsibility: A continuityperspective 12Michel Magnan and Giovanna Michelon3 Corporate social responsibility: A director’s perspective 24Michel Magnan4 CEO activism: Connecting with stakeholders 34Paula Bernardino5 Net zero targets and governance: A literature review (2009–2021) 50Ifigenia Paliabelos6 The challenge of measuring CSR performance 68Lies Bouten, Giovanna Michelon and Robin W. RobertsPART II ENVIRONMENTAL RESPONSBILITY7 Internal carbon pricing: Origins, determinants, and the impact of governance 82Mathieu Gomes, Hania Khursheed and Sylvain Marsat8 Multi-stakeholder climate action partnerships: What do we ‘really’know about business partner contributions to partnership goals? 92Adriane Macdonald and Alireza Jahandideh9 Responsible investment, integrating the SDGs, corporate reportingand governance by an asset owner: The case of the Construction andBuilding Industry Superannuation Fund (Cbus) 107Carol Adams and Rod Masson10 An overview of the circular economy 119Michelle Rodrigue and Andrea Romi11 CSR-related governance mechanisms: Is the impact on CSRperformance effective or symbolic? 137Camélia Radu and Nadia Smaili12 Corporate governance and environmental disclosures 148Silvia Gaia and Chaoyuan She13 CSR disclosure, capital markets, and the moderating influence ofcorporate governance 164Albert Tsang, Tracie Frost and Huijuan Cao14 Sustainability from the top: Revisiting the roles and responsibilities ofthe board of directors 176Olivier Boiral and Alexander YurievPART III SOCIAL RESPONSIBILITY15 Corporate philanthropy: Antecedents, consequences, and Implicationsfor corporate governance 193Steve Sauerwald and Weichieh Su16 Boardroom diversity: The role of the responsible leader 205Ruth Sealy and Johanne Grosvold17 Social alliances as catalyzers of CSR programs’ impact 218M. Paola Ometto, Luciana Simion, Catalin Ratiu and Bennett Cherry18 Corporate governance, COVID-19, and stakeholders: Learnings fromthe Canadian financial sector 235Eduardo Ordonez-Ponce19 What should a board of directors know about workplace harassment? 246Sylvie St-Onge20 Knowing your supply chain 265Valentina De Marchi21 The ladder of Indigenous governance 273Paul Kalyta22 Promoting women on African boards: An examination of boarddiversity provisions in corporate governance codes 285Irene Nalukenge, Vidisha Ramlugun and Teerooven Soobaroyen23 Relying on offshore financial centers: A social issue that raisesgovernance concerns for multinationals 311Tie Mei (Sarah) Li24 Social reporting: Trends, determinants, and implications 325Carol Tilt, Kathy Rao and Dinithi DissanayakePART IV LOOKING INTO THE FUTURE OF CORPORATE SOCIALRESPONSIBILITY AND CORPORATE GOVERNANCE25 Diversity at the top: Evidence on board composition and representation 346Alessandro Ghio, Juliette Senn, Sophie Spring and Charles H. Cho26 A socio-ecological approach to corporate governance 360Jan Bebbington, Carlos Larrinaga and Giovanna Michelon27 Accountability-based participatory corporate governance and corporatesocial responsibility 372Jesse Dillard

Edited by Michel Magnan, Distinguished University Professor of Accountancy and S.A. Jarislowsky Chair in Corporate Governance, John Molson School of Business, Concordia University, Canada and Giovanna Michelon, University of Padova, Italy

‘Magnan and Michelon designed an approach that lays the foundations for a new era in governance. Presenting key corporate social responsibility issues and their implications, they share novel and practical ways to enhance corporate governance effectiveness in facing these new challenges. An exciting and timely contribution to the field, I strongly recommend it.’

• Contents:Corporate governance and corporate social responsibility: Introduction and roadmap xxiPART I FOUNDATIONS1 Corporate governance and corporate social responsibility:A reconciliation with tension 2Michel Magnan and Giovanna Michelon2 Corporate governance and corporate social responsibility: A continuityperspective 12Michel Magnan and Giovanna Michelon3 Corporate social responsibility: A director’s perspective 24Michel Magnan4 CEO activism: Connecting with stakeholders 34Paula Bernardino5 Net zero targets and governance: A literature review (2009–2021) 50Ifigenia Paliabelos6 The challenge of measuring CSR performance 68Lies Bouten, Giovanna Michelon and Robin W. RobertsPART II ENVIRONMENTAL RESPONSBILITY7 Internal carbon pricing: Origins, determinants, and the impact of governance 82Mathieu Gomes, Hania Khursheed and Sylvain Marsat8 Multi-stakeholder climate action partnerships: What do we ‘really’know about business partner contributions to partnership goals? 92Adriane Macdonald and Alireza Jahandideh9 Responsible investment, integrating the SDGs, corporate reportingand governance by an asset owner: The case of the Construction andBuilding Industry Superannuation Fund (Cbus) 107Carol Adams and Rod Masson10 An overview of the circular economy 119Michelle Rodrigue and Andrea Romi11 CSR-related governance mechanisms: Is the impact on CSRperformance effective or symbolic? 137Camélia Radu and Nadia Smaili12 Corporate governance and environmental disclosures 148Silvia Gaia and Chaoyuan She13 CSR disclosure, capital markets, and the moderating influence ofcorporate governance 164Albert Tsang, Tracie Frost and Huijuan Cao14 Sustainability from the top: Revisiting the roles and responsibilities ofthe board of directors 176Olivier Boiral and Alexander YurievPART III SOCIAL RESPONSIBILITY15 Corporate philanthropy: Antecedents, consequences, and Implicationsfor corporate governance 193Steve Sauerwald and Weichieh Su16 Boardroom diversity: The role of the responsible leader 205Ruth Sealy and Johanne Grosvold17 Social alliances as catalyzers of CSR programs’ impact 218M. Paola Ometto, Luciana Simion, Catalin Ratiu and Bennett Cherry18 Corporate governance, COVID-19, and stakeholders: Learnings fromthe Canadian financial sector 235Eduardo Ordonez-Ponce19 What should a board of directors know about workplace harassment? 246Sylvie St-Onge20 Knowing your supply chain 265Valentina De Marchi21 The ladder of Indigenous governance 273Paul Kalyta22 Promoting women on African boards: An examination of boarddiversity provisions in corporate governance codes 285Irene Nalukenge, Vidisha Ramlugun and Teerooven Soobaroyen23 Relying on offshore financial centers: A social issue that raisesgovernance concerns for multinationals 311Tie Mei (Sarah) Li24 Social reporting: Trends, determinants, and implications 325Carol Tilt, Kathy Rao and Dinithi DissanayakePART IV LOOKING INTO THE FUTURE OF CORPORATE SOCIALRESPONSIBILITY AND CORPORATE GOVERNANCE25 Diversity at the top: Evidence on board composition and representation 346Alessandro Ghio, Juliette Senn, Sophie Spring and Charles H. Cho26 A socio-ecological approach to corporate governance 360Jan Bebbington, Carlos Larrinaga and Giovanna Michelon27 Accountability-based participatory corporate governance and corporatesocial responsibility 372Jesse Dillard

Edited by Michel Magnan, Distinguished University Professor of Accountancy and S.A. Jarislowsky Chair in Corporate Governance, John Molson School of Business, Concordia University, Canada and Giovanna Michelon, University of Padova, Italy

‘Magnan and Michelon designed an approach that lays the foundations for a new era in governance. Presenting key corporate social responsibility issues and their implications, they share novel and practical ways to enhance corporate governance effectiveness in facing these new challenges. An exciting and timely contribution to the field, I strongly recommend it.’

• Contents:Corporate governance and corporate social responsibility: Introduction and roadmap xxiPART I FOUNDATIONS1 Corporate governance and corporate social responsibility:A reconciliation with tension 2Michel Magnan and Giovanna Michelon2 Corporate governance and corporate social responsibility: A continuityperspective 12Michel Magnan and Giovanna Michelon3 Corporate social responsibility: A director’s perspective 24Michel Magnan4 CEO activism: Connecting with stakeholders 34Paula Bernardino5 Net zero targets and governance: A literature review (2009–2021) 50Ifigenia Paliabelos6 The challenge of measuring CSR performance 68Lies Bouten, Giovanna Michelon and Robin W. RobertsPART II ENVIRONMENTAL RESPONSBILITY7 Internal carbon pricing: Origins, determinants, and the impact of governance 82Mathieu Gomes, Hania Khursheed and Sylvain Marsat8 Multi-stakeholder climate action partnerships: What do we ‘really’know about business partner contributions to partnership goals? 92Adriane Macdonald and Alireza Jahandideh9 Responsible investment, integrating the SDGs, corporate reportingand governance by an asset owner: The case of the Construction andBuilding Industry Superannuation Fund (Cbus) 107Carol Adams and Rod Masson10 An overview of the circular economy 119Michelle Rodrigue and Andrea Romi11 CSR-related governance mechanisms: Is the impact on CSRperformance effective or symbolic? 137Camélia Radu and Nadia Smaili12 Corporate governance and environmental disclosures 148Silvia Gaia and Chaoyuan She13 CSR disclosure, capital markets, and the moderating influence ofcorporate governance 164Albert Tsang, Tracie Frost and Huijuan Cao14 Sustainability from the top: Revisiting the roles and responsibilities ofthe board of directors 176Olivier Boiral and Alexander YurievPART III SOCIAL RESPONSIBILITY15 Corporate philanthropy: Antecedents, consequences, and Implicationsfor corporate governance 193Steve Sauerwald and Weichieh Su16 Boardroom diversity: The role of the responsible leader 205Ruth Sealy and Johanne Grosvold17 Social alliances as catalyzers of CSR programs’ impact 218M. Paola Ometto, Luciana Simion, Catalin Ratiu and Bennett Cherry18 Corporate governance, COVID-19, and stakeholders: Learnings fromthe Canadian financial sector 235Eduardo Ordonez-Ponce19 What should a board of directors know about workplace harassment? 246Sylvie St-Onge20 Knowing your supply chain 265Valentina De Marchi21 The ladder of Indigenous governance 273Paul Kalyta22 Promoting women on African boards: An examination of boarddiversity provisions in corporate governance codes 285Irene Nalukenge, Vidisha Ramlugun and Teerooven Soobaroyen23 Relying on offshore financial centers: A social issue that raisesgovernance concerns for multinationals 311Tie Mei (Sarah) Li24 Social reporting: Trends, determinants, and implications 325Carol Tilt, Kathy Rao and Dinithi DissanayakePART IV LOOKING INTO THE FUTURE OF CORPORATE SOCIALRESPONSIBILITY AND CORPORATE GOVERNANCE25 Diversity at the top: Evidence on board composition and representation 346Alessandro Ghio, Juliette Senn, Sophie Spring and Charles H. Cho26 A socio-ecological approach to corporate governance 360Jan Bebbington, Carlos Larrinaga and Giovanna Michelon27 Accountability-based participatory corporate governance and corporatesocial responsibility 372Jesse Dillard