Governance Best Practices and CSR Policies

Abstract

Achieving governance through creating effective and productive organizations defined by ethics, integrity, best practices, and transparency at a global level aims to foster business growth and socioeconomic development in countries with human dignity. Education is key to achieving these goals, as it promotes entrepreneurship and social welfare. As a result, human flourishing emerges, and digitalization processes foster organizations toward quality-related strategies. These growth-related goals are significantly desirable in developing nations, predominantly rural areas, as social change and economic development are needed to benefit societies and firms. Socioeconomic objectives are achieved only when corruption practices are reduced and cooperation strengthens communities and firms. This chapter analyzes how organizations foster social change, welfare, economic development, and corporate growth through the combination of governance, best practices, and CSR policies.