Patterns in Forming Industry Standards for Environmental and Social Responsibility: A Comparative Analysis of Swedish and Malaysian Multi-Stakeholder Initiative Formations

Abstract

Cashure et al. (2004) have developed a model to explain legitimacy for forest certification in c1 number of geographic regions. This paper extends the model to explain development and existence qfnan-state market-driven (NSDM) governance systems in the apparel and palm-oil industries in addition to the forestry sector. The model deals with legitimacy for NSMD governance systems and under which market conditions "converting" or “conforming” strategies are most susceptible for changes in order for legitimacy to occur. The model helps to better understand successful patterns in forming voluntary Lodz(S1'[V standards in a global economy for corporate environment and social responsibility. The model can be a useful tool when foreseeing and overcoming hurdles in the jbrmatian process as an early warn in g system