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TOOLS OF INCREAS ING EFFECTIVENESS OF THE CORPORATE MANAGEMENT SYSTEM

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PDF: Author(s): Chumakova E. V.,
Number of journal: 2(23) Date: May 2013
Annotation:

Formation of professional Board of Directors and management body remains one of the most important aspects of establishing effective system of corporate governance in Russia. The question of balance of the Board of Directors in terms of professionalism and independence is in the center of attention. The key role in providing optimal qualifications, knowledge and skills of the members of the Board is played by the process of selection, nomination and election of Directors. The author identifies four tools that being practically implemented contribute to the improvement of the efficiency of the corporate governance system. The work done by the author leads to the conclusion about expediency of introduction and application of the complex methods aimed to improvement of the professional qualification of the members of the board of directors and the top management.

Keywords:

corporate management, board of directors, code of corporate conduct, professional and psychological selection

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