Its participants can be divided into 2 categories:
Internal group: These are the executive departments, managers, shareholders and the corporation as a whole.
External group. Government structures (e.g., the Federal Tax Service), creditors (commercial banks, sponsors, etc.), partner organizations (counterparties), and clients (buyers, customers). This also includes persons with whom a civil law contract has been concluded for the provision of services by the corporation or the corporation itself acts as a consumer.
In corporate companies, there can always be a conflict of interest. Owners of securities want to have as many dividends as possible, and managers of the organization are focused on receiving bonuses and other incentives. The Federal Tax Service monitors that the company pays taxes regularly, creditors monitor compliance with debt obligations, and customers are interested in purchasing quality goods and services.
According to paragraph 1 of the usage of facebook database Article 53 of the Civil Code of the Russian Federation, a legal entity acquires personal rights and assumes corresponding obligations through its bodies, acting in accordance with laws, other legal acts and constituent documents.
Composition of corporate governance bodies
Meeting of investors and general meeting of participants.
Supervisory Board (as required by the Federal Law “On Joint Stock Companies”).
Collegial executive body. It is created by one's own choice, as a rule, in large organizations, since they have a need for joint management. The sphere of influence is established by the charter, in accordance with the Federal Law "On Joint-Stock Companies".
The sole executive body. Its role is to register documentation and represent the organization. This institution may exist as an individual or a legal entity. At the request of investors and other participants, it may be a third-party corporation, firm, or private entrepreneur.
The goal of corporate governance is to integrate the interests of all participants, optimize their benefits and relationships, and satisfy the needs of each member of the team.
Principles and standards of corporate governance
The Corporate Governance Code contains the following requirements:
Rule of distribution of rights and duties. Relationships within the system are based on the creation of several levels of control and their endowment with certain powers and areas of responsibility.
The rule of residual competence. The main feature of the approach is that the tasks of the units located at the lower level do not include those that are handled by the departments just above.
The rule of protection of the privileges of shareholders and other participants of the corporation.
The condition of equal rights for those holding securities, including those whose share size does not allow them to participate in management.
Transparency rule: Everyone can find out who the founder of a corporate-managed firm is and the results of its commercial activities.
The principle of operation of independent managers in corporate management.
Rule of effective control of internal processes