PRINCIPLE OF CORPORATE TRANSPARENCY IN CORPORATE GOVERNANCE SYSTEM
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Author(s): | Zheleztsov M. L., |
| Number of journal: | 3(72) | Date: | September 2025 |
| Annotation: | The article presents a study of the issues relat- ed to the content of the principle of corporate transparency in corporate governance, as well as the content of legal rela- tions arising from its implementation. The set of requirements for the disclosure of corporate information is contained in many normative-legal and recommendatory acts. The requirement for a corporation to act openly and disclose information in favor of interested parties has acquired an independent term — “corporate transparency.” In the current conditions of market economy development and the strength- ening role of investors, corporate governance transparen- cy acquires special significance as a factor in building trust and ensuring the sustainability of entrepreneurship. The dis- closure of reliable, complete, and timely information contrib- utes to reducing information asymmetry, improving control mechanisms, and increasing management efficiency. In this regard, the study of doctrinal views on the place of corporate transparency in the system of corporate governance becomes relevant and requires a systematic approach. At the same time, the legal content of the legal relations arising from the process of corporate information disclosure remains unclear. The article examines the normative requirements for corpo- rate transparency contained in Russian legislation and in na- tional and international recommendatory acts. A definition of corporate transparency is proposed from the perspective of its legal content as a corporate legal relation. The struc- ture of the legal relation concerning the corporation’s provi- sion of information disclosure in favor of interested parties is analyzed, the subjects and object of the emerging legal relation are identified, and the possibility of recognizing a corporate body as a subject of such legal relation is sub- stantiated. The article emphasizes that corporate transpar- ency is an important tool within the framework of the state’s economic policy. | ||
| Keywords: | corporate governance, corporate law, corporate transparency, corporation, right for information, corporate legal relations, corporate information disclosure, transparency, principles of corporate governance, legal regulation |
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| For citation: | Zheleztsov M. L. Principle of corporate transparency in corporate governance system. Biznes. Obrazovanie. Pravo = Business. Education. Law. 2025;3(72):253—260. DOI: 10.25683/VOLBI.2025.72.1406. |
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