Management of Non-Financial Risk - Foundation of Social Standards
Author: Assoc. Prof. Dr. Radostina Bakardjieva (Bulgarian Academy of Sciences)
Keywords: corporate social responsibility, social risk management, OHSAS 18001:2007.
The main goal of publication is to reveal the meaning of management of non-financial risk in the context of corporate social responsibility as foundation of social standards. Systematic is the current academic literature dedicated to corporate social responsibility as social risk management. The requirements of international standard OHSAS 18001:2007 with an emphasis on health and work safety aimed to the interests of the staff as the most important internal stakeholder have been investigated. Results of empirical research are presented. Reconmiendation to corporate leaders have been formulated for effective implementation the requirements of the standard and comply with their norms.