Activity: Talk or presentation › Oral presentation
Description
This article examines the concept of social licence from the perspective of Australia’s Trade and Investment. Social licence is a fluid concept which eludes specific definition and yet, it creates substantial compliance overhang for corporations and businesses in terms of meeting community expectations. The article uses the institutional theory to provide the conceptual foundation beneath the structuring of two original models (single-layered and dual-layered regulation) to explain the observable effects of social licences within Australia. The practical effects are explained through four carefully chosen sectors from Australia. Overall, the article argues that social-licence based narratives will begin to increasingly intrude into international trade and investment and that the current mechanisms are ill-equipped to deal with this trend