SOCIALLY RESPONSIBLE CORPORATE GOVERNANCE: A NEW IMPERATIVE FOR MODERN BUSINESS

This article offers an analysis of theoretical concepts and practical tools for integrating CSR into corporate governance, as well as an assessment of potential barriers and prospects for the further development of socially responsible corporate governance in Ukraine and globally. The research is grounded in a comprehensive approach that combines institutional theory, stakeholder analysis, and sustainable development concepts to form a holistic understanding of transformational processes in corporate governance. The central hypothesis of this study posits that implementing CSR principles into corporate governance leads to the formation of a new business administration paradigm, characterized by an expanded understanding of fiduciary responsibility, an inclusive approach to management decisions, and long-term orientation. Comparative analysis of international practices demonstrates a diversification of approaches to CSR integration in corporate governance, driven by differences in institutional environments, cultural traditions, and regulatory frameworks. The research presents a structured framework for evaluating the effectiveness of socially responsible corporate governance, incorporating both quantitative metrics and qualitative parameters (level of stakeholder dialogue, transparency in decision-making processes). Special attention is paid to the role of independent directors and specialized committees in ensuring the integration of CSR principles into strategic planning and operational activities. Within the context of Ukrainian realities, the study analyzes specific challenges and promising directions for developing socially responsible corporate governance, taking into account political and economic characteristics, ongoing transformational processes in business culture. The research findings have both theoretical significances for developing the conceptual framework of socially responsible corporate governance and practical value for regulators, managers, and consultants in the field of corporate development.