DIRECTIVES AS A TOOL FOR CORPORATE MANAGEMENT

Abstract

This article is devoted to the issues of directive voting of a member of the board of directors (supervisory board) as a representative of the owner (shareholder) in econom-ic societies. This instrument of corporate governance is most widespread in companies with state participation (in particular, whose shareholder is the Russian Federation). The use of di-rectives is ambiguous. Among the main arguments for its application is the reduction of risks of the adoption by members of the collegial body a decision that runs counter to the interests of the shareholder (participant) of the company.

Keywords

• directive
• joint-stock company
• joint stock company with state participation
• corporate management
• board of directors