ETHIOPIAN FLORICULTURE INDUSTRY FROM CSR AND GOVERNANCE PERSPECTIVE : "HOW IS CSR PRACTICED IN ETHIOPIAN FLORICULTURE INDUSTRY AND DOES IT HAS A LINKAGE WITH THE GOVERNANCE SYSTEM?"

Abstract: In today’s globalized business world Corporate Social Responsibility hasbecome the pioneer business issue with ethical business governance. Nonetheless,the idea is in the early developing stage in most of the underdevelopedcountries like Ethiopia. Unlike the developed world in which the corporategovernance system plays a kin role in ensuring the ethical business practice,countries without stock market like Ethiopia are faced with lack of wellestablished ethical business practice.   Ethiopian flower industry is at its infancy stage and generates aconsiderable amount of foreign currency and provides job opportunity for manycitizens. However it is still accused of unsustainable flower production.   This paper explores the practice of corporate social responsibility and therelated governance on Ethiopian flower industry. It highlights particularly oncorporate social responsibility practices and its implementation through theassistance of government bodies and other stakeholders. It attempts to revealthe growth of the industry, corporate social responsibility and governmentalregulations with its CSR drivers. The study also assesses convergence of theeconomical, ecological and human practices of flower farms with its related CSRdrivers in promoting their governance on corporate social responsibility. Finallythis research provides opportunity for students, researchers and stakeholdersto analyze and discuss on the current CSR issue of the industry.