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1、外文文献翻译译文一、 外文原文原文：Corporate Governance and Corporate SocialResponsibility Synergies and InterrelationshipsINTRODUCTIONCorporations have traditionally been conceived as self-centered, profit-maximizing entities constituting the central tenets of capitalism and free market philosophies(Hg, 2007). Unti
2、l recently, the connections between capitalism, economic growth, and self-interested corporation have largely gone unquestioned in policy circles (Hg, 2007). However, recent and monumental corporate scandals and failures have redirected attention to issues of good governance, ethics, trust, and acco
3、untability, heightening the debate on topics of corporate governance (CG) and the ethics of economic conduct (Marsiglia and Falautano, 2005).Accordingly, at no time in history have the role and power of the corporation been accorded more popular attention and concern, with the pure profit maximizati
4、on axiom increasingly called into question.While shareholder value maximization is still a major goal for corporations worldwide, the rise in social activism and the emergence of new expectations have indeed caused other aspects of corporate performance to be examined alongside financial results. As
5、 firms grow in size and influence, they are no longer expected to be mere contributors to the global economy, but rather to reconcile and skillfully balance multiple bottom lines and manage the interests of multiple stakeholders (Jamali, 2006). There is some recent evidence to suggest that organizat
6、ions are generally more inclined today to broaden the basis of their performance evaluation from a short-term financial focus to include long-term social, environmental, and economic impacts and value added (Hardjono and van Marrewijk, 2001).This is where the concepts of CG and corporate social resp
7、onsibility (CSR) enter the picture. Under the umbrella of CG, companies are encouraged to promote ethics, fairness, transparency, and accountability in all their dealings. They are expected to continue generating profits while maintaining the highest standards of governance internally. A firms decis
8、ions should also be aligned with the interests of different within and outside the company (Freeman, 1984). Hence, businesses have to also keep their activities attuned to societys ethical, legal, and communal aspirations. This falls in the realm of CSR, which has attracted increasing attention in r
9、ecent years in relation to how companies approach their interactions with their various stakeholders from providing quality products and services, to undertaking charitable activities.Much of the previous literature has researched and discussed CG and CSR independently, as being unrelated accountabi
10、lity models, whose guidelines, reporting standards, and oversight mechanisms have evolved separately (Bhimani and Soonawalla, 2005). However, we feel that CG and CSR are strongly and intricately connected, and that previous literature has fallen short in capturing the nature and essence of this rela
11、tionship. As Bhimani and Soonawalla (2005) put it, CG and CSR are two sides of the same coin. This paper will explore this relationship in depth; first, theoretically, by reviewing the literature and highlighting how this CGCSR relationship has been posited. Through a qualitative study in the Lebane
12、se context, this paper will also investigate managerial interpretation and practical application of CG and CSR, their understanding of the nature of this relationship, as well as their efforts at pragmatic integration of each of these two paradigms in their daily operations.LITERATURE REVIEWCorporat
13、e Governance LiteratureThis paper will focus on an important and in no way simplistic definition of CG as “the system by which companies are directed and controlled” (Cadbury, 2000: 8). The control aspect of CG encompasses the notions of compliance, accountability, and transparency (MacMillan, Money
14、, Downing and Hillenbrad, 2004), and how managers exert their functions through compliance with the existing laws and regulations and codes of conduct (Cadbury, 2000). The importance of CG lies in its quest at crafting/continuously refining the laws, regulations, and contracts that govern companies
15、operations, and ensuring that shareholder rights are safeguarded, stakeholder and manager interests are reconciled, and that a transparent environment is maintained wherein each party is able to assume its responsibilities and contribute to the corporations growth and value creation (Page, 2005). Go
16、vernance thus sets the tone for the organization, defining how power is exerted and how decisions are reached.A narrow view of CG portrays it as an enforced system of laws and of financial accounting, where socio environmental considerations are accorded a low priority (Saravanamuthu, 2004). There is, however, a broader CG conception, emphasizing every business responsibilities toward the different stakeholders that provide it with the necessary resources fo
