The Remuneration Policy and CSR With an Emphasis on Human Rights

Abstract

This chapter explores the transformative impact of the shift towards corporate social responsibility (CSR) and environmental, social, and governance (ESG) principles on contemporary business operations. Tracing the evolution from CSR to ESG and its integration into European and national corporate practices, the study delves into the altered responsibilities of governance and oversight bodies. Studies on ESG/CSR standards' impact on governance and oversight body remuneration highlight a multifaceted relationship, emphasizing the importance of harmonizing investor interests, stakeholder relationships, and social responsibility. The chapter establishes a critical link between CSR/ESG concepts and human rights, highlighting human rights' intrinsic role. Chapters on remuneration policy origins, CSR/ESG standards in corporations, and ESG integration into remuneration policies stress their mutual interdependence. Additionally, addressing the Slovenian corporate governance landscape, the article advocates for transparent legislation of remuneration policies and sustainability concepts.