IMPROVEMENT OF THE METHODICAL APPROACH TO THE CORPORATE GOVERNANCE TOOLS FORMATION
Journal Title: Проблеми системного підходу в економіці - Year 2017, Vol 6, Issue 62
Abstract
The article examines the existing methodology for assessing the level of corporate governance (CG) proposed by the domestic National Authorized Agency IBI Rating. The current paper revealed its advantages and disadvantages. In addition, the authors improved the chosen methodology in view of the best practices of CG (ASEAN methodology), modern trends in business management, based on increasing corporate social responsibility, as the principle of corporate security management. Thus, the advanced methodology was obtained by systematizing the methodology for assessing the OECD CG, the best practices of the CG (ASEAN) and completing the logical criteria that reveal the corporate social responsibility of the enterprise, the absence of which did not allow the implementation of the development of corporate governance tools. The improved methodology will gradually adapt the domestic corporate sector to the international business space, form economic ties and improve the level of management business as a whole. Further research may be related to the selection of individual criteria within each stage. The detailed selection of criteria should take into account corporate social responsibility, depending on the key group of stakeholders, which is different on one or another stage of the assessment. The article carries a practical significance and is actually at the current stage of development of the domestic economy.
Authors and Affiliations
I. P. Otenko, K. S. Doronina
Keywords
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