Social Responsibility as a Function of the Interaction Between Government and Private Enterprise
The article says that businesses manifest social responsibility not only through full and timely performance of obligations to various social groups (including workers and minority shareholders), but also through factors such as charity. It adds that development of social infrastructure is the most important factor in the progressive socio-economic development of the country as a whole and of its different regions. In the Russian Federation, for instance, the paper covers the basic issues tied to social responsibility, showing how a corporation can demonstrate social responsibility through a public-private partnership. Moreover, its analysis of social responsibility has revealed that for the largest Russian corporations, economic performance is heavily influenced by their acceptance of social responsibility. The article also recommends how the government could improve incentives for enhancing the social responsibility of national business organizations. These might include reducing the taxable base for expenses for each business entity in proportion to its allocation for charity (via taxes, credits or other means), or even guaranteeing preferences to corporations that implement internal pension, education and other programs within the area of social responsibility.