Corporate management of enterprises: codes of best practices

Keywords: corporate governance, enterprises, code.

Abstract

The content of the concept of «corporate management» is revealed in the article. Codes of best practices were formulated and management problems of business structures were identified. The prospects for the development of corporate governance and the possibility of applying the considered codes of best practices at Ukrainian enterprises are analyzed and indicated. The author considered various types of best practice codes of corporate governance; the environment of best practice codes of corporate governance; the status of codes of best corporate governance practice and incentive mechanisms encouraging compliance with codes of best corporate governance practice.

The purpose of the article: to study the codes of the most successful practices of corporate governance in business structures, to highlight problems and prospects for development in Ukraine.

The scientific novelty of the work consists in the analysis of theoretical aspects of corporate governance and prospects for the development of codes of best practices by enterprises of Ukraine.

Methodology. The theoretical and methodological basis of the research is represented by the scientific works of leading scientists in the field of corporate governance, as well as the author's interpretation of the impact of corporate governance on the economic development and growth of the state. In the research process, such methods as analysis and synthesis, the method of historical and logical modeling were used. As theoretical methods, the work uses the method of formalization, the method «from abstract to concrete», as well as the historical method, the method of economic interpretation. From a practical point of view, the method of grouping statistical data, statistical and econometric analysis was also used in the study.

Conclusions. The theoretical aspects of prospects for the development of the most successful practices of codes of corporate governance of enterprises of Ukraine are analyzed. It is proposed to consider the development of the principles of corporate governance of Ukraine in the context of the general development of the legislative framework in the corporate sector. It was found that Ukraine has entered the new millennium with corporate legislation that is unable to provide a solid foundation for joint-stock companies. It is proven that the adoption of the Principles of Corporate Governance of Ukraine fulfilled a double mission: to form (national) principles based on international best practices of corporate governance and to fill gaps in the legal space of enterprise regulation, providing them with assistance in implementing best practice provisions into their internal documents.

References

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References:
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Published
2022-08-18
How to Cite
Kryshtal , H. (2022). Corporate management of enterprises: codes of best practices . Scientific Papers of the Legislation Institute of the Verkhovna Rada of Ukraine, (4), 90-96. https://doi.org/10.32886/instzak.2022.04.10