Business Sustainability in Asia: Compliance, Performance, and Integrated Reporting and Assurance - Hardcover

Über die Autorin bzw. den Autor

ZABIHOLLAH REZAEE is the Thompson-Hill Chair of Excellence, PhD coordinator, and Professor of Accountancy at the University of Memphis and has published more than 225 articles and 10 books.

JUDY TSUI, FCA (Canada), FCPA (HKICPA), FCPA (Australia), FCA (ICAEW), is Senior Advisor of the Institute for New Economic Thinking and Board Director and Chair of Education Strategy Committee of Wuhan College in China. In addition, she is a Fellow member of the Institute of Chartered Accountants in England and Wales and serves as the Vice Chair of the China Committee.

PETER CHENG is the former Dean and Professor of the Faculty of Management and Hospitality at the Technological and Higher Education Institute of Hong Kong. He previously taught at The University of British Columbia, University of Chicago, Purdue University, and the Hong Kong Polytechnic University.

GAOGUANG ZHOU is an assistant professor of Accounting at Hong Kong Baptist University. His research interests include auditing, corporate finance, and corporate social responsibility.

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THE GLOBAL MOVE TO SUSTAINABILITY HAS ARRIVED IN ASIA

In Asia, sustainability practices have grown substantially over the past decade, and the continent's business leaders are poised to become global leaders in sustainability initiatives. Following the global trend, Asian businesses focus on economic, governance, social, ethical, and environmental (EGSEE) sustainability dimensions. Business Sustainability in Asia applies this paradigm to the economic powerhouses in Asia, from Japan and Mainland China to India and Vietnam. For each jurisdiction, the authors consider:

• Global, regional, and local sustainability requirements and expectations
• Best practices for maximizing firm value by improving sustainability
• Balancing short-, medium-, and long-term sustainable performance
• The interrelated nature of financial performance and long-range sustainability.

Business leaders will benefit from this book's description of best practices performance measures, reporting standards, and drivers of sustainability initiatives in Asia and worldwide. As we work to understand and promote sustainability worldwide, we need this thorough treatment, with its timely focus on Asia, to properly recognize, measure, and report on all of the EGSEE dimensions of business sustainability.

Aus dem Klappentext

In the global corporate environment, the profit maximization paradigm has given way to a viewpoint that emphasizes creation of shared value for all stakeholders. This shared value approach makes room for a complex understanding of what constitutes value in the 21st century. As a result, a new holistic business model has been developed that focuses on five dimensions of sustainable performance: economic, governance, social, ethical, and environmental (EGSEE). This EGSEE model is revolutionizing the way businesses conceive of and report on accountability. Today, this transformation is most visible and relevant in Asia.

Business Sustainability in Asia applies the EGSEE sustainability model to an analysis of the key players across Asia, including Mainland China, Hong Kong, India, Indonesia, Japan, South Korea, Vietnam, and more. Through a careful consideration of global, regional, and local trends in sustainability, this book provides insights into how the corporate landscape has evolved and will evolve in the developed and up-and-coming economies of Asia.

As the business paradigm has shifted, the public has increasingly demanded that businesses report on key performance indicators that reflect the EGSEE sustainability performance and values. Such comprehensive reporting, integrating the values of corporate social responsibility with traditional financial performance measures, has emerged on the global stage as part and parcel of international guidelines and, in some cases, requirements. How do these enhanced compliance and reporting trends change the process of doing business in Asia and worldwide? What are the best practices and takeaways for leadership as Asian economies grow in importance? Business Sustainability in Asia provides answers to these and other important questions, bringing tangible benefits to executives, board members, auditors, lawmakers, and others interested in issues of global corporate sustainability.