The Role of the Sole Executive Body in the Activities of the Corporation

Abstract

Introduction: consideration of the role of the sole Executive body in the activities of the Corporation is of particular importance in modern conditions of development of corporate relations, since the sole Executive body occupies a dominant place in the system of corporate governance bodies. A Corporation can transfer the functions of a sole Executive body not only to an individual or legal entity, but also to an individual with the status of an individual entrepreneur, since the corresponding prohibition is not contained in the norms of civil legislation. In the event of damage to the Corporation, the sole Executive body may be brought to civil liability. in this regard, the authors set the goal of studying the legal status of the sole Executive body, its rights, duties and responsibilities. Methods: when writing this research, various scientific methods were used, from which we can distinguish historical, comparative legal, formal legal methods, and complex system-structural analysis. Results: the legal position of the sole executive body of the legal entity was studied taking into account recent changes in civil legislation. The author’s position on the possibility for an individual entrepreneur to function as an executive body of a legal entity has been substantiated. Conclusions: the study noted imperfection of the legislation regulating the legal status of sole Executive body and the necessity of making a number of changes and additions in normative legal acts.