Abstract
Introduction. The present paper considers the implementation of one of the six G20/OECD Principles of Corporate Governance – the role of stakeholders in the management of a corporation. Stakeholders refer to a large group of different involved people of a corporation. The author does not deny the role of other stake-holders in the management of the corporation, but the Toyota Motor Corporation case shows the importance to focus on the role of stakeholders in the management of a corporation. Aims. The paper serves to identify some positive examples of practical imple-mentation of one of six G20/OECD Principles of Corporate Governance – the role of stakeholders in the corporation management. Methods. The following methods are applied in the research: dialectical cogni-tion of socio-political, legal and organizational processes with its principles of devel-opment, integrity, system; systems analysis; historical method; special methods: formal-logical, comparative-legal approaches.Results. The problem of the stakeholders’ role in the management of Toyota Motor Corporation is analyzed from historical point of view with application of the historical method and of the analysis object method. Conclusion. The author makes a general conclusion on the example of practical interaction between workers of Toyota Motor Corporation and management of the corporation. The idea of workers’ participation in the management of the corpo-ration has lead Toyota Motor Corporation into the level of prosperous innovative corporations. The analyses of the present experience makes it possible to understand the practical use of G20/OECD Principles of Corporate Governance. The example of Toyota Motor Corporation confirms the practicability of G20/OECD Principles of Corporate Governance, in particular one of them – the stakeholders’ role in the management of a corporation – to increase the corporation’sefficiency. The example of Toyota Motor Corporation confirms the practicability of G20/OECD Principles of Corporate Governance, in particular one of them – role of interested parties in the management of a corporation – for increasing the efficiency of the corporation.
Published Version
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