Legal Aspects of Corporate Management in the Context of International Law Rules

  • Yurii S. SHEMSHUCHENKO V.M. Koretsky Institute of State and Law, National Academy of Sciences of Ukraine, Kyiv, Ukraine
  • Anatoliy V. KOSTRUBA Department of Civil Law, Vasyl Stefanyk Precarpathian National University, Ivano-Frankivsk, Ukraine

Abstract

This study sets the task of studying the legal aspects of corporate governance in the context of existing international law. Consideration of issues related to the legal aspects of corporate governance is of great importance for the development of common criteria for evaluating their activities from the point of view of existing legal norms. The development of ever new forms of public organizations and the need to develop legislative norms to regulate their activities only emphasizes the importance of the issue under study. The relevance of this problem is of particular importance in light of the fact that to date, the laws of most countries have not yet developed clear criteria governing the corporate activity. This fact leads to difficulties in studying this issue and the high probability of misunderstanding in matters of corporate activity and corporate governance features, not to mention giving this activity a proper assessment from the standpoint of the norms of current legislation. This study sets the task of studying the fundamental legal rules regulating the corporate governance of Ukraine and foreign countries with the identification of the similarities and differences of existing legal standards. The method of comparative analysis of works of domestic and foreign researchers in the framework of the subject under consideration was selected. The applied value of this material is to identify the main criteria for the compliance of the current aspects of corporate governance with international law with a view to the subsequent application of the results in practice. The research prospects in this direction from a legal point of view consist in comparing the current legislative acts regulating international law with regard to corporate governance issues, which opens up great opportunities for analysis of all the provisions of corporate governance and bringing them into line with the norms of existing international law.


 

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Published
2020-06-15
How to Cite
SHEMSHUCHENKO, Yurii S.; KOSTRUBA, Anatoliy V.. Legal Aspects of Corporate Management in the Context of International Law Rules. Journal of Advanced Research in Law and Economics, [S.l.], v. 11, n. 4, p. 1416 – 1422, june 2020. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/5346>. Date accessed: 09 aug. 2020. doi: https://doi.org/10.14505/jarle.v11.4(50).38.