LEGAL REGULATION IN FAMILY BUSINESS IN SLOVAKIA Case study- Implementation of ESG Criteria

Family business is distinguished from the traditional business model by the specificity of relationships, family ties, a sense of stability, continuity, responsibility and mutual trust of family members. Although the aim of family business is undoubtedly to carry out business activities in accordance with the Commercial Code, the family business also aims, among other things, to strengthen family values and to implement the principles of sustainable family business. In a broader context, the scientific study analyses the conditions for the implementation of the family business model, highlighting the implementation of the principles of sustainability in specific family businesses in Slovakia. The contribution of the scientific study to the theory and practice of management is to highlight the implementation of the principles of sustainable family business, which creates a unique organizational culture, and commitment to the local community and the introduction of modern technologies in the framework of innovation in family businesses, especially with regard to environmental protection.