Abstract
The object of research in the article is the processes of interaction organization between participants in corporate relations, the combination of which is the basis for the formation of the corporate development strategy. It is proved that the model of corporate relations organization that was formed in Ukraine during mass privatization and post-privatization period has become a source of numerous obstacles to the sustainable development of domestic corporations and the establishment of effective mutually beneficial cooperation between CR participants. Based on the generalization of characteristics (general, specific, constitutive) sphere of identification of features of structural construction and activity of joint-stock companies using the methods of system analysis and formalization, the prerequisites and consequences of the manifestation of organizational construction features of corporate relations in the development strategy formation of the joint-stock company are determined. A system of indicators for assessing the structural organization of corporate relations in a joint-stock company is developed, the use of which makes it possible to ensure a comprehensive analysis of possible options for the distribution of corporate control in JSCs, taking into account the existing division of powers to make managerial decisions between the supreme governance bodies of the joint-stock company. A methodical approach is proposed to assess the structural organization of corporate relations and the distribution of corporate control in a joint-stock company. Motivational support of overcoming resistance to organizational changes in the process of implementing the development strategy of the joint-stock company is considered.
Highlights
As a result of the unfolding of the denationalization process in the national economy of Ukraine, a mixed type corporate governance system has developed, within which currently there is a manifestation of the system of outsiders (a very high level of fragmentation of shares in joint-stock companies (JSC), a huge number of owners of small packages of shares), insiders
The nature of the origin of corporate relations; lack of a proper institutional for the good perception of the ideology and practice of corporatism by potential members of corporation; unfavorable general economic conditions for the perception of complex forms of business organization, So, one of the mandatory requirements to overcome the contradictions associated with the unnatural genesis of creation and the development of the national model of corporate governance should be considered the solution of the task of improving the organization of corporate relations in accordance with the needs to ensure the sustainable development of domestic joint-stock companies
The development of the static component of corporate governance is proposed to be implemented on the basis of a comprehensive assessment of the structural organization of CR in JSC. This assessment provides for the use of a general indicator, the peculiarity of which is to take into account the concentration of ownership of corporate rights (CR), the influence of the supreme governance bodies (SGB) of JSC when making managerial decisions, representation of shareholders in SGB, completeness of normative regulation of corporate relations in JSC, information and external openness of joint-stock company that will allow to form a complex assessment of possible variants of distribution of the corporate control in joint-stock company and division of powers on decision-making of the general administrative decisions between the supreme governance bodies:
Summary
As a result of the unfolding of the denationalization process in the national economy of Ukraine, a mixed (hyb rid) type corporate governance system has developed, within which currently there is a manifestation of the system of outsiders (a very high level of fragmentation of shares in joint-stock companies (JSC), a huge number of owners of small packages of shares), insiders (three-level structural structure of the supreme bodies of corporate governance, the spread of the trend of concentration of the shareholder (the large-scale presence of the state in corporate relations, the spread of the use of complex forms of economic integration of a representative corporate type, such as cross and reciprocal ownership, personal unions, etc.). The nature of the origin of corporate relations; lack of a proper institutional (organizational and regulatory framework) for the good perception of the ideology and practice of corporatism by potential members of corporation; unfavorable general economic conditions (the growth of crisis phenomena associated with the transformation of the economic mechanism) for the perception of complex forms of business organization, So, one of the mandatory requirements to overcome the contradictions associated with the unnatural genesis of creation and the development of the national model of corporate governance should be considered the solution of the task of improving the organization of corporate relations in accordance with the needs to ensure the sustainable development of domestic joint-stock companies. The need to overcome subjective resistance and resistance to any attempts to modernize the corporate sector and implement the strategy of sustainable development of domestic corporations by some influential social groups whose interests are in line with the current state of unsettled corporate relations, etc
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