Resumen de Governing indifference in social performance reporting: Implications for responsible management education

Monica Thiel

• The role of society in value creation is often neglected in comparison to government and business when leaders evaluate corporate citizenship, societal well-being, and human and social problems.

  A conceptual framework was proposed to explain that the business case and moral case in the social and governance themes in environmental, social and governance criteria and global sustainability practices are obscured and present an unexpected paradox in current responsible management education.

  Management educators should evaluate how portfolio evaluation in responsible investments plays a key role in shaping and promoting or whitewashing (spinning and gaming) collaborative social responsibility, social problems and their resolutions in social performance reporting. The introduction of socio-governance risk as an intangible asset in business valuation and a new strategic indicator for assessing, reporting and monitoring societal governance and social responsibility as an ESG theme in responsible investments and management education is a path forward.