The Models of Corporate Governance
Vladimir Eduardovich Serogodsky1, Alexey Mikhailovich Bochkarev2, Vadim Petrovich Cherdantsev3, Igor Yurevich Zagorujko4
1Vladimir Eduardovich Serogodsky*, Perm State Agro-Technological University named after Academician D.N. Pryanishnikov, Perm, Russia.
2Alexey Mikhailovich Bochkarev, Perm State Agro-Technological University named after Academician D.N. Pryanishnikov, Perm, Russia.
3Vadim Petrovich Cherdantsev, Perm State Agro-Technological University named after Academician D.N. Pryanishnikov, Perm, Russia.
4Igor Yurevich Zagorujko, The Perm Military Institute of the National Guard Troops of the Russian Federation, Perm, Russia.
Manuscript received on November 15, 2019. | Revised Manuscript received on November 28, 2019. | Manuscript published on 30 November, 2019. | PP: 8890-8895 | Volume-8 Issue-4, November 2019. | Retrieval Number: D9527118419/2019©BEIESP | DOI: 10.35940/ijrte.D9527.118419
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The approaches to defining the concept of “corporate governance” by various authors have been considered, analyzed, and systemized in the present article. The world experience and corporate governance models used in various countries have been regarded, and the characteristics of these models have been analyzed. The main peculiarities and causes of the emergence of models in an economic system have been determined. It has been revealed that the English-American system is characterized by the dispersal of investors, i.e., there are many independent investors, both private and institutional. Due to the inconsiderable use of stock exchanges and external investments, the German system has provided commercial banks with the dominant share of the companies’ governance. The system is distinguished by a high concentration of equity. The Russian model is a hybrid transitional variant that had arisen because of “wild capitalism” at the dawn of the transition from the planned to the market economy.
Keywords: Corporate Governance, American Model, German Model, Russian Model.
Scope of the Article: E-Governance.