Corporate governance and related voluntary tools

This chapter aims at providing an overview of corporate governance and related voluntary tools. After introducing the background on the emergence of voluntary tools and the willingness towards self-regulation by businesses, the chapter then describes codes of conduct (paragraph 3.2), corporate reporting (paragraph 3.3), compensation and offsetting (paragraph 3.4) and commitments (paragraph 3.5). Particular focus is given to commitment types and characteristics, implementation strategies and shortcomings and challenges.