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The article is based on the results of research work devoted to the problems of corporate social responsibility which over time undergoes significant changes in accordance with the expectations of society. The classic interpretation of the creation of a "shared (common)" value for business and society is the antithesis of corporate philanthropy on the distribution of value previously generated by the business. According to the authors, companies can create both economic and social value in three ways: by rethinkin...

In the article the factors influencing formation of system of corporate governance and corporate social responsibility in Russian companies. Considering corporate social responsibility as a subsystem of corporate governance is confirmed by the international trends of strengthening the strategic nature of corporate social responsibility, focused on creating value for business and society as a result of interaction of stakeholders. The authors propose a universal algorithm for integration of corporate social respons...