Corporate Social Responsibility as a Ethical Composition of Business Management: Regulation on the State Level

Yuliya Bekh, Oleksandr Riabeka

Abstract

The article deals with the issues of formation and development of corporate social responsibility as an ethical component of business, in particular, the historical aspects of its emergence are highlighted. The characteristic features of the European model of social responsibility of business are determined. It is determined that the effectiveness of the development of corporate social responsibility in the countries of the European Community is due to the existence of a strong legislative framework. A comparative analysis of the existing legal and regulatory framework for regulating the sphere of corporate social responsibility at the international level and in Ukraine has been conducted. The state of state support in promoting CSR and business assistance is determined. Focused attention is paid to the role of state bodies empowered in the field of socially responsible business conduct.