This 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. Socially responsible concept of economic growth for all means, that welfare/wellbeing of the people should be an equally important factor to shareholder’s value added. 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. Following 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: 35189853One of the key issues for the development of corporate governance in Slovenia is: if - as until now - is still adequate to strictly separate the governance on the basis of capital from the governance on the basis of labour and accordingly adopting separate legislative acts and "corporate governance codes", or if more comprehensive understanding of processes of modern corporate governance is needed. Slovenia should be able to do more than just imitate foreign and often outdated patterns. Corporate governance codes are non-binding documents of best practices, reccomendations on how should corporate governance be conducted in terms of etics, good practices, experiences, profession and as determined by the law. The significant indicator of the level of corporate social responsibility in Slovenia is the identified lack of the discussion on labour co-management.
F.02 Acquisition of new scientific knowledge
COBISS.SI-ID: 59902818The lecture addressed phd and master students of business and law of Gwanjgju University of South Korea. EU and global concepts of structural (employee representation in corporate boards) and financial (ESOP, ESPP, profit sharing..) was presented, including analysing these processes in state owned enterprises.
B.04 Guest lecture
COBISS.SI-ID: 35961181Social responsibility is in particular the responsibility of corporations and the holders of capital and political power (state authorities and political parties) to exercise their social power within the boundaries of their competences for the benefit of all people and the environment and to ensure the same quality of living conditions for the people of the present and the future generations.
F.02 Acquisition of new scientific knowledge
COBISS.SI-ID: 35794525The 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: 35131741