TY - JOUR

T1 - Corporate Governance: Mechanisms for Control and Alignment of Interests of Participants of Corporate Relations in the Transitive Economy

AU - Tarando, E.E.

AU - Borisov, A.F.

AU - Chelenkova, I.Y.

AU - Pruel, N.A.

AU - Sinyutin, M.V.

PY - 2015

Y1 - 2015

N2 - The article presents findings of an empiric sociological survey of corporate governance at middle-sized industrial corporations in Russia. Evaluation of the effect of a market, federal law, internal corporate standards, and actions of corporate governance bodies on control and alignment of interests of participants of corporate governance has been given. Based on a content-analysis technique, which was applied to annual statements of middle-sized industrial corporations, formation of an insider model of corporate governance, approval of major owners at the corporate governance bodies, who are usually chairpersons of the Board of Directors and general managers of such companies, has been confirmed. A degree of focus on interaction with main stakeholder groups, such as consumers, customers, suppliers, personnel, partners and banks, and governmental authorities was discovered in the course of survey. According to the survey, the corporate law is the primary regulator of corporate relations, internal corporate st

AB - The article presents findings of an empiric sociological survey of corporate governance at middle-sized industrial corporations in Russia. Evaluation of the effect of a market, federal law, internal corporate standards, and actions of corporate governance bodies on control and alignment of interests of participants of corporate governance has been given. Based on a content-analysis technique, which was applied to annual statements of middle-sized industrial corporations, formation of an insider model of corporate governance, approval of major owners at the corporate governance bodies, who are usually chairpersons of the Board of Directors and general managers of such companies, has been confirmed. A degree of focus on interaction with main stakeholder groups, such as consumers, customers, suppliers, personnel, partners and banks, and governmental authorities was discovered in the course of survey. According to the survey, the corporate law is the primary regulator of corporate relations, internal corporate st

KW - corporate governance

KW - transitive economy

KW - middle-sized corporation

KW - stakeholder

KW - corporate standards

KW - corporate governance bodies

KW - interests of subjects and participants of corporate relations

U2 - 10.5901/mjss.2015.v6n4s4p118

DO - 10.5901/mjss.2015.v6n4s4p118

M3 - Article

VL - 6

SP - 118

EP - 129

JO - Mediterranean Journal of Social Sciences

JF - Mediterranean Journal of Social Sciences

SN - 2039-9340

IS - 4 S4

ER -