Abstract

Effective corporate governance is an important condition for the successful operation of an enterprise. Defining sustainable development and protecting the rights of shareholders, customers, and other stakeholders serves as the most important direction of the enterprise’s activities in the field of improving its financial efficiency. The family model of corporate governance, or family capitalism and family business groups, has become widespread in almost all countries of the world. Such a corporate governance system is often found in Asian and Latin American countries, in Canada, and in European countries (Sweden, Italy, and France). The management of the largest corporations is carried out by members of the same family. This article examines the features of the corporate governance system in foreign practice, in particular in Sweden, where theoretically and practically analyzed such issues as the evolution of theories and basic principles of corporate governance, the role of corporate governance in the investment support of enterprises, its modern methods and models, and institutional issues. In addition, corporate governance bodies in Sweden and their interaction with the executive body, the tasks and functions of regulatory bodies, corporate culture, assessment of the transparency of investments in enterprises, and the effectiveness of corporate governance, as well as the main stages of the process of preventing and combating the risk of corporate fraud, are analyzed.

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