Social responsibility of business

The author examines the problems of restructuring Russian companies and gives a special consideration to the social aspects of restructuring. He holds that business is responsible for social consequences of its restructuring, and social responsibility of business should imply the following measures: development of special social plans for the transformation period; retraining of personnel; more close social partnership of administration with trade unions and raising the efficiency of collective agreements; preventing the loss of objects of the social and communal, cultural and recreation spheres; formation of a special state institution to conduct monitoring of the socially responsible restructuring of enterprises and companies.