engleski

Corporate governance standards and increase of social responsibility

Author stress the importance of corporate governance standards and corporate social responsibility in stakeholders economy. Standardization of corporate governance includes the general principles and specific legal, financial and ethical framework for top level managers in private and public sectors. Corporate social responsibility refers to a set of basic components, crucial for clear distinction between single profit oriented business activity and socially responsible businesses. Individual ethical behavior is not a sufficient condition for improving corporate governance, but global and national regulation can establish a good framework for creating the corporate governance as a main factor of increased corporate social responsibility.

corporate governance; social responsibility; standards; OECD; Caux Round Table

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