Journal of Security and Sustainability Issues

Clearly money is very important for any community of humans, especially for business purposes. It is well known that in modern world currencies of all developed countries have their own problems but problems of coping with own currency is much bigger in developing countries. Steve Hanke offers fixed exchange rate as a solution for developing countries. There can be some other ways too: not to have national currency, to have free currency regime, etc. Here is given a research about the currency problems of Georgian businessmen and of their opinions about how one could better cope with the currency’s problems.

Legal security is understood as the protection of vital goods and human interests by means of universally binding normative acts, which should be legible and understandable for their addressees, because the beneficiary of legal security is man. Due to the complexity of this concept, legal security can be considered from different perspectives in both formal and institutional terms, which has also been considered in this article.

National competitiveness is a multisided concept that includes a system of indexes, indicators, criteria, conditions and factors of development, mechanisms of its improvement. Competitiveness consists of a number of components that supplement each other and ensure steady economic growth, improving the welfare of the population. These are: science and education, innovation and investments, various infrastructure, real economy sector, small business, various services, natural and human resources. The objective of necessity to perform reforms at the regional level and the natural increase of the role of the regions in reforming the economy are predetermined by the fact that the ability of state bodies, ministries and departments to influence the course of reforms is gradually limited, and the new market mechanism is not working enough effectively yet. This shows the necessity of determination of the role and place of the region in the economic space, its potential possibilities and development prospects.

By fulfilling their tasks, employees of isolation institutions contribute to the subjective sense of security of citizens. At the same time, the staff of these institutions and their dependents become a security entity which, due to the dynamically changing sense of danger on the part of prisoners, requires active prevention of factors threatening the correct execution of the penalty of imprisonment (aggression against officers, violence against inmates, self-aggression, suicidal behaviors, etc.). In fact, by undertaking a number of preventive measures, staff undoubtedly manages security in penitentiary facilities. It is also important to use appropriate protective infrastructure depending on the type and type of prison. It is worth paying attention to the situation of Polish prisons. Political changes in Poland after 1989 also caused transformations in the prison system. A characteristic feature of these changes is the normalization of relations between prison staff and prisoners. Amendments to criminal legislation, including penitentiary, have adapted the legal situation in prisons to international standards. In theory and practice, attention is paid to a more subjective treatment of persons deprived of their liberty and greater protection of their rights and freedoms.

Achieving positive production and economic results in the businesses is no longer a product of the efforts of an organic circle of people, but a result of the activity of the members of the entire organization.Thus, the issue of employee motivation and commitment to the business entity becomes one of the basic prerequisites for the organizational efficiency and success. The lack of motivation and attachment to the goals of the company lead to increased staff turnover and reduced efficiency. This makes the investment of training, qualification and professional development of the human resources meaningless. The aforementioned necessitates the study and analysis of the main factors, which determine the people’s behavior at work, their motivation and involvement in the business entity.The purpose of this research is to investigate the relationship between the motivation of human resources and their commitment to the business organization. Establishing the interaction between the different determinants is essential in practical terms, as it allows one to predict the appearance of a certain attitude or behavior in the presence of the others.

The article discusses the problems of state regulation of tariffs for gas transportation services through gas distribution networks, which minimize losses and the need to create reasonable verifiable principles for establishing tariffs. The absence in the spheres of natural monopolies of effective competitive mechanisms poses a challenge for the state to create a special system for regulating their activities, which includes legal and organizational components. In each industry where natural monopolies operate, there are some pricing features that are reflected in the legal regulation. This article focuses on the structure of contractual relations in the field of gas supply during the transportation and sale of gas, which allows you to clearly demonstrate the reflection of the regulatory framework reflecting the state’s requirements to keep a separate record of products (services) and costs of its production by an organization engaged in the extraction, transportation and sale of natural gas.

The analysis of integrated corporate reporting relevance, the usefulness of disclosing financial and non-financial indicators, that are essential in the reporting to assess business performance and create a value chain, is the subject of study. The authors found that the leading indicators of economic activity of interest to external and internal users of the reporting information are related to the investment attractiveness of the company, its sustainable development, efficiency, and profitability. Therefore, to analyze value creation efficiency, it is necessary to expand the range of assessment with the following cost factors: organization, customers, society, natural environment, innovation, risks, and corporate management. should be classified into the following groups related to the company’s performance: income-generating (possibility of growth, competitiveness, cost of capital, risks) and expense-generating (labor costs, transaction losses, cost of capital, risk management). In this paper, the authors suggest a model for an objective assessment of the company’s ability to create added value, given the management segments (economic, environmental, social) and various forms of capital, which allows determining the company’s business advantages, directions for maximizing opportunities and minimizing risks for each capital used and reducing the information gap between financial and non-financial information, as well as improving business transparency.

Modern corporate governance standards and principles is becoming vital issues in developing countries such as Vietnam, China, India, Indonesia, Myanmar, Bangladesh, etc. The 2006 Taiwan Conference on Corporate Governance showed current company system needs not only back-end CG solution such as “golden parachute” but also internal mechanisms. There are also a few researches which have been done in the field of international corporate governance standards. This paper chooses a different analytical analysis style and among its aims is to give some certain systematic conclusions on China corporate governance (CG) system. First, it separates China standards into two (2) groups: China 2001 and Taiwan 2002 CG principles covered in group 1 and, group 2, including corporate governance principles from Hong Kong conclusion paper and KPMG guides, while it uses OECD principles as reference. Next, it separated independent contents with analysis and identified differences between these above set of standards which are and have been encouraged to use as reference principles for many organizations. In addition to, it aims to build a selected China comparative set of standards for corporate governance system in the post-crisis and scandal time. Last but not least, this paper illustrates some ideas and policy suggestions in order to overcome obstacles in China corporate governance system such as: insider trading, false financial reporting and concentration of state ownership.

Sustainable development of any country is hardly possible without viable small business. The development of small businesses has a number of advantages, which are expressed in the activation of structural adjustment of the economy, providing freedom of market choice and additional jobs, ensuring rapid cost recovery, and rapid response to changes in consumer demand. Small business leads to saturation of the market with goods and services, overcoming industry and territorial monopolies, and increasing the level of competition. In Kazakhstan, state support for small and medium-sized businesses is multi-level in the implementation of measures to reduce the tax burden, implement a set of measures to facilitate access to credit resources, simplify administrative procedures and permits, and organize regional centers to support small and medium-sized businesses in cities and rural areas.

The authors have conducted a retrospective analysis of the historical and logical stages of establishing the financial reporting system in the Russian Federation for determining the development direction of public reporting of economic entities and justifying the need to prepare integrated corporate reporting that meets the information needs of interested parties. The use of a paradigm approach made it possible to justify the regularities of the formative stages of accounting environment, to distinguish the key foundations of complex accounting information, to determine the current needs of business informatization and preparation of integrated corporate reporting.