Corporate governance mainly aims to ensure that senior management acts in the interests of a firm's shareholders. CSR expands this scope to consider a firm's impact on stakeholders including creditors, employees, suppliers, customers and society as a whole.
Managerial entrenchment provisions (MEPs) are corporate governance conditions that consolidate a leader's position in a firm. Sometimes this can be a good thing, but sometimes it can decrease the value of the firm if a leader is self-seeking and pursues personal interests that do not align with those of other stakeholders.
