In the study conducted by Levy and Kaplan (2009) it has been argued that CSR initiatives by organizations represent contested terrain apart from being global governance functions. They not only offer possibilities for problem solving in democratic way and enhance accountability at corporate level but also threaten to shift to privatization of governance.
The essay has been written discussing various aspects with respect to CSR and different aspects highlighted in the article by Levy and Kaplan referred above. These include study of CSR as ‘More Democratic Governance’ and CSR as ‘Privatised Governance’. Further different aspects that have been included in this essay are history of CSR initiative related to Roundtable on Sustainable Palm Oil. Based on both these aspects it has been analysed whether RSPO initiative has been group created as a result of “civic regulation” or as enhancing corporate power by “privatising” regulatory authority.
This study has been very helpful in analysing different perspectives on CSR initiatives and suggesting which perspective will be suitable in framing policies with respect to CSR in different conditions.