The challenges of the modern world are not only climate changes, but also the deepening of the gap between wealth and poverty. These challenges could be overcome only by emphasising the value of labour in relation to capital in terms of management and appropriation. Unfortunately, none of the established political parties in Slovenia is addressing the importance of social responsibility as an important concept for overcoming the growing income inequalities in Slovenia, although this requires an in-depth developmental reflection.
F.30 Professional assessment of the situation
COBISS.SI-ID: 35131741A legally established corporate social responsibility will only be enforced when national legislation equally recognizes the contribution of labour and capital to added value, and will also be subject to a legally defined corporate governance, with the equal participation of labour and capital representatives in corporate bodies. Slovenia should be capable to do more than just replicate foreign, frequently used and obsolete patterns. In the field of labour management Slovenia has rich experiences and tradition, thus hiding behind the obsolete global models developed in countries with centuries-old capitalist tradition is not only non-innovative, but rather indicates inability and lack of creativity.
F.23 Development of new system-wide, normative and programme solutions, and methods
COBISS.SI-ID: 64483426The future of modern Europe is to create competitive, knowledge-based societies that enhance balanced economic and social development together with maintaing a high degree of cohesiveness and inclusiveness. A precondition for the development in this direction are fundamental changes in the regulation of relationships within social and corporate governance, by incorporating labour as an integral part of corporate governance. The solution is therefore in the changes, that is, the corrections and supplements to global capitalism with the incorporation of the ingredients that we consider to be part of socially responsible management (socially responsible corporate governance, economic democracy and social economy).
F.26 Improvements to existing organisational structure and managerial solutions
COBISS.SI-ID: 66083170The article first gives the definition of the New social responsibility as a new theoretical approach on societal and corporate level, aiming to implement the concept of “economic growth for all” and to gradually overcome income and social inequalities. Theoretical views and basic data on income and wealth global inequalities are presented, followed by socially responsible mechanisms through which income inequalities could be gradually reduced (economic democracy (ED), social economy (SE), and corporate social responsibility (CSR). The article further presents forms of employee financial participation (EFP) that includes individual ESO (employee stock ownership), ESPPs (employee stock purchase plans) and PS (profit sharing). EFP has been a feature in the EU for over 50 years. The article presents different approaches and forms (legal frameworks) of labour participation in governance (structural participation, referred also as industrial democracy) as a tool of new social responsibility and the diverse results across the EU. The article points out, that a significant proportion of Europe's economy is intended to make profits for people other than investors or owners (social economy, SE), accordingly, aiming at developing mechanisms to reduce income inequalities. Finally, the article presents CSR, a concept about which there is much disagreement and controversy. CSR is analysed as an economic and as a legal concept.
B.03 Paper at an international scientific conference
COBISS.SI-ID: 35189853Corporate social responsibility (CSR) is an approach through which companies voluntarily integrate social and environmental concerns in their business operations and in their relationship with stakeholders (EU Green Paper, 2001). The basic idea of social responsibility is to go beyond the limits of mere compliance with legal requirements by investing more in human capital, environment and relations with all stakeholders. Originally, socially responsible companies are to implement the principles of CSR voluntarily and above the level required by law. Communication of the EU 2011 (renewed strategy) defines CSR as "the responsibility of enterprises for their impacts on society". This is an important innovation and distinction to the previously purely voluntary approach. However, the responsibility of the companies for their effects on the society does not materialize in the corporate law. Reportings on the measures and activities in the field of corporate social responsibility are increasingly becoming an integral part of the financial reports of the companies.
F.26 Improvements to existing organisational structure and managerial solutions
COBISS.SI-ID: 57444962