Abstract

The article presents a definition of the category “social responsibility” based on generalization of different views and system approach. Social responsibility is referred to as a multilevel system of economic, social, legal, ethical relations between all actors of economic activity and those interested in its results, aimed at a final beneficial result for them. The authors emphasize that social responsibility of business is one of the main factors increasing its business reputation, improving its image and creating competitive advantages. Motivation criteria of the domestic system of corporate social responsibility (social, political and economic) are considered. The authors identify factors that have a negative impact on the formation of the social responsibility of Ukrainian business and create a number of problems on the way of implementation of the social responsibility policy. To solve the problems of introducing social responsibility at Ukrainian enterprises a number of measures are proposed. The latter include professional selection of senior managers by competent independent experts; establishment of normative and moral guarantees of the stability of senior managers’ successful management activities; public control over managers’ activities; improvement of corporate legislation with establishing more rigorous public control over the activities of strategically important joint stock companies; transition from the model of conflict partnership to constructive partnership in labour relations; construction of a system of permanent public monitoring of large corporate entrepreneurship.

Highlights

  • Transformation of public values and priorities requires the changes of the current corporate governance practices of many companies

  • Implementation of Corporate Social Responsibility (CSR) in Ukrainian business practice will help increase the competitiveness of companies in the world market by improving product quality, reducing energy and material consumption, and improving labour relations

  • 25 (2017) nr 6 In Ukrainian economy, business social responsibility is usually indicative in the face of business downright desire of enrichment under all circumstances

Read more

Summary

Introduction

Transformation of public values and priorities requires the changes of the current corporate governance practices of many companies. There are many facts proving the awareness of the importance of CSR implementation in Ukrainian society: the growing number of member companies of the UN Global Compact from 34 (in 2006) to 180 (in 2013); foundation of Centre for CSR Development in Ukraine; increase of the number of CSR departments in large corporations; inclusion of a profession of CSR manager into the state classifier of professions of Ukraine. These are only some positive changes, whereas the proper conditions for diffusion of social responsibility principles have not yet been created. The unresolved issue is the problem of openness and transparency of information on the activities of corporate enterprises as well as lack of clear standards of social reporting

Objectives
Results
Conclusion

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.