Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/281850 
Year of Publication: 
2019
Citation: 
[Journal:] UTMS Journal of Economics [ISSN:] 1857-6982 [Volume:] 10 [Issue:] 1 [Year:] 2019 [Pages:] 77-84
Publisher: 
University of Tourism and Management, Skopje
Abstract: 
This paper is an action research conducted to demonstrate the connection between the use of power by members of the Board of directors and the social responsibility of the company that reflects the building of the corporate image of the company, which is crucial for increasing its efficiency. International corporate governance standards are rigorous about the rules of ethics in the operation and decision-making with respect to improving the work of the company. North Macedonian companies have accepted these international standards and are trying to implement highly professional work at all levels of the organization, including the top management body of the company i.e. the board of directors. The introduction of social responsibility in strategic and other types of planning that emanates from it clearly demonstrates the role of social responsibility in the creation of organizational development policies. The research is conducted in a socially responsible company that applies the international corporate governance standards within the Board of Directors. This paper has proven the assumption of a general hypothesis about the connection between the use of the power of the Board of directors in favour of creating and maintaining a socially responsible company.
Subjects: 
commitment
board
strategy
planning
social responsibility
JEL: 
M14
L21
Document Type: 
Article

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