"The Organization for Economic
Posted: Wed Jan 22, 2025 9:28 am
"Guiding principles of corporate governance of the Confederation of European Shareholders' Associations" and others.
The codes may also differ in their legal status. For example, in the United States and Canada, firms listed on stock exchanges must publicly report compliance. In South Africa, Hong Kong, and Malaysia, all rules are mandatory.
In our country, as we importance of lawyer database have already said, the insider model with a high level of confidentiality is most often encountered. It is characterized by high costs for maintaining property and concentration of power at the top level of the hierarchical structure. But it should be noted that the Russian Federation is the only state in the CIS where a Corporate Governance Code has been formed, which is still in effect today.
It was created according to the OECD rules, primarily for shareholders, to protect their rights. It also provides recommendations on business transparency and improving corporate management. Compliance with the Code helps reduce and prevent violations of securities owners' rights. However, the level of domestic practice cannot yet be compared with the international one.
In conclusion, we would like to say that there is no universal model of business association management not only in the Russian Federation, but also in the whole world. Nevertheless, the tendency of corporate management spreading inspires optimism, as does the understanding of the necessity of such technology by society. Progress in business association management is also encouraging due to the use of the experience of advanced countries. For further development of this direction, participation of state structures and commercial organizations that are interested in the existence of a domestic model of corporate management is important.
Author of the article
Dmitry Svistunov
Dmitry Svistunov
Head of SEO and Development
Latest articles by t
The codes may also differ in their legal status. For example, in the United States and Canada, firms listed on stock exchanges must publicly report compliance. In South Africa, Hong Kong, and Malaysia, all rules are mandatory.
In our country, as we importance of lawyer database have already said, the insider model with a high level of confidentiality is most often encountered. It is characterized by high costs for maintaining property and concentration of power at the top level of the hierarchical structure. But it should be noted that the Russian Federation is the only state in the CIS where a Corporate Governance Code has been formed, which is still in effect today.
It was created according to the OECD rules, primarily for shareholders, to protect their rights. It also provides recommendations on business transparency and improving corporate management. Compliance with the Code helps reduce and prevent violations of securities owners' rights. However, the level of domestic practice cannot yet be compared with the international one.
In conclusion, we would like to say that there is no universal model of business association management not only in the Russian Federation, but also in the whole world. Nevertheless, the tendency of corporate management spreading inspires optimism, as does the understanding of the necessity of such technology by society. Progress in business association management is also encouraging due to the use of the experience of advanced countries. For further development of this direction, participation of state structures and commercial organizations that are interested in the existence of a domestic model of corporate management is important.
Author of the article
Dmitry Svistunov
Dmitry Svistunov
Head of SEO and Development
Latest articles by t