Abstract

The principles and terms for providing corporate responsibility of economic agents of different levels are determined. Formation features of modern system for providing corporate responsibility of economic agents are examined on the example of agents operating in the field of port activity. The purpose of the article is to study concepts of development of the mechanism for corporate responsibility in order to optimize the system of stakeholders’ interaction in the process of creating values. The method of system analysis was applied in studying concepts and preconditions for the functioning of corporate responsibility management systems. The systemic structural method helped in studying basic measures to increase the corporate responsibility level of enterprises of port activity. The goal of creating a system of corporate responsibility should be associated with the achievement of the maximum possible effect of functioning of the economic agent. Needs and contributions of stakeholders should be interlinked in order to increase corporate responsibility. The main stakeholders in the field of port activity and criteria for satisfying their needs, contribution and opportunities in the field of corporate responsibility have been identified. The proposed system of criteria for the effectiveness will improve the mechanism of corporate responsibility management.

Highlights

  • IntroductionThe institute of corporate responsibility, an important element of which corporate social responsibility (CSR) is, has been established in economically developed countries

  • The institute of corporate responsibility plays an important role in the system of value creation in modern economic activity

  • In the European Union, it is considered appropriate to have a law according to which large business entities in the form of annual accounts should include sections reflecting the results of implementing corporate social responsibility measures

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Summary

Introduction

The institute of corporate responsibility, an important element of which corporate social responsibility (CSR) is, has been established in economically developed countries. Works of many scholars are devoted to the formation and development of corporate responsibility concepts. Issues of the corporate responsibility development as an element of the value system for economic agents of different levels and fields of activity, in particular in the field of maritime business, remain insufficiently studied. Purpose of the article is to study principles for the development of the corporate responsibility mechanism in order to optimize the system of interaction of stakeholders in the process of creating values. The systemic structural method helped in studying basic measures to increase the corporate responsibility level of enterprises of port activity

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