The concept of corporate governance in the Russian civil law

Abstract

In this paper, the concept of governance in the Russian civil law, which is defined as one of the key concepts of the existing legal science, was considered. In support of this approach, a retrospective analysis of the formation and development of this institution was performed. In civil jurisprudence, the phenomenon of private management is commonly investigated through the prism of contractual legal relations: when considering a contract for trust management of property. Among other things, the current scientific approaches to the above-specified problem were discussed. It is fair to say that the Russian civil law has no single legislative approach to understanding private management, which significantly complicates further development of special legal disciplines. At the same time, the focus was placed on the contractual obligation in corporate law management, which demonstrates that the list of areas of use of such public relations should be left open. Based on the analysis of doctrinal materials, it was concluded that management relationships are based on hierarchy. In these relations, the subordination of the managed entity to the will of the managing entity can be indicated as a key element.

Keywords

• private management
• private authority
• corporate governance
• governing bodies
• management agreement
• action in interest of others