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Trends in Developing Corporate Management in Companies with State Participation in the Russian Federation

https://doi.org/10.21686/2413-2829-2019-1-195-204

Abstract

The article discusses acute issues of shaping the system of corporate management within the frames of state-owned companies. The author studies characteristics that group state-owned corporations by similar features and identifies key goals of corporate management. The list of all types of stakeholders is provided and interests of each group being pursued within corporate management are mentioned. Trends in the development of the state-owned corporations’ sector are analyzed and the level of their commercial activity efficiency is investigated. Theoretical aspects of corporate management and stakeholders are discussed and their impact on the efficiency of company with state capital work is demonstrated. Based on Russian and international practice the author came to the conclusion that inadequate mechanism of corporate management could cause different risks , the major one is a conflict of interests of stakeholders. Principle risks in the system of corporate management observed in Russian economy are enumerated. In order to improve the process of managing corporate risks in companies with state participation the author   advanced   a   number   of   changes,   which   should   be   made   in   the   Russian   corporate   legislation. Recommendations aimed at resolving the problem of inefficient system of corporate management are put forward. Special attention is paid to the issue of professionalism and independence of the Board of Directors in state-owned companies.

About the Author

P. G. Vorontsov
LLC "Holding company "Guta"
Russian Federation

Pavel G. Vorontsov - Inspector-Analyst.

3 building, 5 Orlikov pereulok, Moscow, 107078.



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For citations:


Vorontsov P.G. Trends in Developing Corporate Management in Companies with State Participation in the Russian Federation. Vestnik of the Plekhanov Russian University of Economics. 2019;(1):195-204. (In Russ.) https://doi.org/10.21686/2413-2829-2019-1-195-204

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ISSN 2413-2829 (Print)
ISSN 2587-9251 (Online)