ФОРМИРОВАНИЕ И ОЦЕНКА ЭФФЕКТИВНОСТИ СИСТЕМЫ КОРПОРАТИВНОГО УПРАВЛЕНИЯ В АКЦИОНЕРНЫХ ОБЩЕСТВАХ ПРИМОРСКОГО КРАЯ РФ

Abstract

The paper analyzes the experience of corporate management in the joint stock companies of Primorski Krai of the Russian Federation. The corporate management system is represented as a cluster of concentric circles. The author proved that corporate management, as a system, is a combination of procedural and institutional, economic and financial interrelations of all members of a corporation; it defines the mechanisms and methods of interaction of concerned parties – the stakeholders who use these mechanisms to represent their interests and interact with a corporation and with each other. The author determined the distinctive features of interrelations between the actors of internal and external corporate management systems and suggested using complex approach to the formation of corporate management system in a joint stock company. This approach is based on three directions: process aspect, vertical and horizontal agreement. Process aspect promotes the improvement of corporate management system effectiveness, the ensuring of information openness for management, and the administrative decisions making aimed to neutralization of external environment changes. The vertical agreement means the formation of corporate management system in accordance with the stock company development strategy and the identification of basic competences. The horizontal agreement is a transformation of every suggested component of the system based on the complex approach. The author determined the components of the system that help to evaluate its effectiveness: the structure of ownership and the influence of owners, the relations with stakeholders, financial transparency, and the information disclosure, the structure and methods of work of the board of directors and management. The author developed the methodological approach and suggested using it to evaluate the effectiveness of the corporate management system according to the following directions: corporate procedure, corporate culture, the effectiveness of financial, economic and investment activities, the assessment of the stock companies risks.