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Figure 1 – uploaded by Constantijn van Aartsen
Figure 1 782 attributed to them by policy makers. He refers to this spectrum as the ‘concentric circles’”* (Figure The centre of the regulatory circle is purely voluntary (i.e. non-legal) decent business conduct; the outer circle denotes the hardest form of law which is supported by administrative and criminal sanctions. CSR norms’ legal manifestation can transition along this spectrum from decent business conduct, to self- regulation, soft law and contract law, mandatory transparency legislation, corporate law requirements, tort law and finally to their hardest legal form as administrative & criminal laws. The shifts along this spectrum are occasioned through policy maker choices in response to e.g. public or business pressure.
Related Figures (3)
