Corporate Governance System and Corporate Social Responsibility in East European Countries

Abstract

The paper examines how corporate social responsibility and corporate governance systems affect the wellbeing of East European countries. Corporate governance is the system of forms and methods used for a company's governance. Inspecting the relationship between corporate governance and corporate social responsibility considers the opinions of different stakeholders about the development and administration of a company's portfolio. A wide range of scientific publications define and study theoretically the issues surrounding corporate governance structure, models, control, audit system, and management quality inside the organization. Businesses that practice corporate social responsibility make a deliberate effort to conduct their operations in a way that improves society and the environment rather than degrades it. In addition to enhancing societal aspects, corporate social responsibility can assist businesses in projecting a positive image in the improvement of other environmental issues in East European countries. ‍.