THE NEED FOR A COMMON CORPORATE GOVERNANCE FRAMEWORK FOR CORPORATIONS OF DIFFERENT STATES

The paper examines one of the major global trends in corporate governance related to the establishment of common economic frameworks for corporations of different States and the rule of law. The need to create a common basis for corporate governance for Russian corporations, i.e. on the basis of an...

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Main Authors: L. Ushvitskiy, E. Didenko
Format: Article
Language:Russian
Published: North Caucasus Federal University 2022-02-01
Series:Вестник Северо-Кавказского федерального университета
Subjects:
Online Access:https://vestnikskfu.elpub.ru/jour/article/view/391
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author L. Ushvitskiy
E. Didenko
author_facet L. Ushvitskiy
E. Didenko
author_sort L. Ushvitskiy
collection DOAJ
description The paper examines one of the major global trends in corporate governance related to the establishment of common economic frameworks for corporations of different States and the rule of law. The need to create a common basis for corporate governance for Russian corporations, i.e. on the basis of an analysis of the positions of Russian and foreign economists, has been substantiated. Obstacles to the integration of Russian corporations into the European and international economic space have been identified. As a practical justification for the need for corporate integration, transnational business models have been constructed, reflecting the difficulties of implementing corporate governance in Russia with foreign investment. The conclusions on the need to create a transparent economic space and common structures of legal entities to increase the efficiency of corporate governance and the integration of Russian corporations into the European Economic Area have been substantiated.
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institution Kabale University
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series Вестник Северо-Кавказского федерального университета
spelling doaj-art-7e2bf6271db643d2ad17f6cebcdaceb22025-08-20T03:37:28ZrusNorth Caucasus Federal UniversityВестник Северо-Кавказского федерального университета2307-907X2022-02-0106153158390THE NEED FOR A COMMON CORPORATE GOVERNANCE FRAMEWORK FOR CORPORATIONS OF DIFFERENT STATESL. Ushvitskiy0E. Didenko1North-Caucasus Federal UniversityNorth-Caucasus Federal UniversityThe paper examines one of the major global trends in corporate governance related to the establishment of common economic frameworks for corporations of different States and the rule of law. The need to create a common basis for corporate governance for Russian corporations, i.e. on the basis of an analysis of the positions of Russian and foreign economists, has been substantiated. Obstacles to the integration of Russian corporations into the European and international economic space have been identified. As a practical justification for the need for corporate integration, transnational business models have been constructed, reflecting the difficulties of implementing corporate governance in Russia with foreign investment. The conclusions on the need to create a transparent economic space and common structures of legal entities to increase the efficiency of corporate governance and the integration of Russian corporations into the European Economic Area have been substantiated.https://vestnikskfu.elpub.ru/jour/article/view/391corporate governancecorporate integrationglobalizationcorporate governance frameworkstransparency of activitiestransnational business models
spellingShingle L. Ushvitskiy
E. Didenko
THE NEED FOR A COMMON CORPORATE GOVERNANCE FRAMEWORK FOR CORPORATIONS OF DIFFERENT STATES
Вестник Северо-Кавказского федерального университета
corporate governance
corporate integration
globalization
corporate governance frameworks
transparency of activities
transnational business models
title THE NEED FOR A COMMON CORPORATE GOVERNANCE FRAMEWORK FOR CORPORATIONS OF DIFFERENT STATES
title_full THE NEED FOR A COMMON CORPORATE GOVERNANCE FRAMEWORK FOR CORPORATIONS OF DIFFERENT STATES
title_fullStr THE NEED FOR A COMMON CORPORATE GOVERNANCE FRAMEWORK FOR CORPORATIONS OF DIFFERENT STATES
title_full_unstemmed THE NEED FOR A COMMON CORPORATE GOVERNANCE FRAMEWORK FOR CORPORATIONS OF DIFFERENT STATES
title_short THE NEED FOR A COMMON CORPORATE GOVERNANCE FRAMEWORK FOR CORPORATIONS OF DIFFERENT STATES
title_sort need for a common corporate governance framework for corporations of different states
topic corporate governance
corporate integration
globalization
corporate governance frameworks
transparency of activities
transnational business models
url https://vestnikskfu.elpub.ru/jour/article/view/391
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