SYSTEMIC-INNOVATIVE APPROACH TO CORPORATE GOVERNANCE: ASPECTS OF SUSTAINABLE DEVELOPMENT AND TIME MANAGEMENT

Abstract

This paper addresses the challenges faced by transport and logistics enterprises in the context of armed conflicts and operational restrictions. It explores the significance of innovative governance and sustainable development in this context. The role of road transport enterprises in the recovery and sustainable development of the country is highlighted, along with the importance of corporate time management and the integration of sustainable development principles to achieve efficiency and sustainability in the face of challenges. Theoretical research of existing approaches to corporate governance is conducted, emphasizing the importance of innovative management and sustainable development for enterprises. It identifies the absence of an innovative-oriented corporate governance system and the necessity for a comprehensive approach that combines sustainable development, time management, and innovative practices to achieve balance in corporate governance systems within the transport and logistics sector.
 The objective of this work is the development of a model for an innovative-oriented corporate governance system at road transport enterprises based on the integration of sustainable development principles and effective corporate time management. The enhanced corporate governance system, within the context of transport and logistics enterprises, is designed according to external environmental factors and incorporates key aspects of corporate governance. The influence of the external environment on the construction of corporate governance systems is grounded in the examination of economic, socio-political, and environmental factors that shape strategic approaches and corporate functioning. The management object is the transport and logistics sector enterprise, which requires effective management of its activities and resources for sustainable development. The management subject includes the leadership and owners of the enterprise, responsible for strategic planning, policy development, and their practical implementation.
 The proposed corporate governance system, based on a systemic approach, includes essential subsystems: strategic innovative management to ensure sustainable development, environmental management, social management, economic management, innovative management, supply chain management, stakeholder engagement, and functional subsystems. Functional management encompasses overseeing different functional areas, such as finance, marketing, production, among others. Each of these subsystems has specific tasks and interconnections to facilitate effective management and achieve the strategic objectives of the enterprise. The suggested corporate governance system will assist road transport enterprises in ensuring sustainable development, optimizing resource management, and maintaining competitiveness in a dynamic external environment.