Title: Integrated perspective of corporate social responsibility on ASEAN Capital Market Forum members corporate governance code

Authors: Dhina Mustika Sari; Lilik Purwanti

Addresses: Accounting Department, Faculty of Economics and Business, Mulawarman University, Indonesia ' Accounting Department, Faculty of Economics and Business, Brawijaya University, Indonesia

Abstract: The integration of CSR with CG is generally seen in the regulation of the CSR implementation mechanism in CGC. However, not all codes regulate this and differ in the level of regulation and discussion. The purpose of this study is to review the integration of CSR on CGC by revealing its convergence in six codes of ASEAN Capital Market Forum members, i.e., Indonesia, Malaysia, Singapore, the Philippines, Thailand and Vietnam. The analysis was conducted using content analysis and described in a modified cube-shaped indicator of CSR in CGC. Various results were found, which the Philippines have the best integration level of CSR to CGC because it guides CSR in its principle/chapter of code. Moreover, it has high specificity in recommendations and guidelines related to CSR, explicitly stating that CSR implementation is mandatory. A regular review of CGC is required to update the issue and necessity frequently, including CSR integration.

Keywords: corporate social responsibility; CSR; corporate governance; modified cube-shaped of CSR.

DOI: 10.1504/IJEPEE.2023.134807

International Journal of Economic Policy in Emerging Economies, 2023 Vol.18 No.1, pp.23 - 39

Received: 27 Sep 2021
Accepted: 30 Oct 2021
Published online: 13 Nov 2023 *