Corporate governance: theory and practice as adapted to the industrial spheres of Russia

Economics and management


Аuthors

Mkrtchyan G. A., Vecherinina E. A., Cheprakova L. A.

Moscow Aviation Institute (National Research University), 4, Volokolamskoe shosse, Moscow, А-80, GSP-3, 125993, Russia

Abstract

Corporate governance (CG) as a new international phenomenon in the world economic relations, and as a scientifically well grounded medium and practice for dynamic and sustainable value creation, is discussed. The main principles and standards of the CG, introduced by the United Nation's Conference on Trade and Development, the Organization for Economic Cooperation and Development, the European Bank for Reconstruction and Development, et al., are presented and explained. The CG system and structure are described.


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