THE EFFECT OF AGENCY RELATIONSHIP ON THE EFFICIENCY OF CORPORATE MANAGEMENT AND STRATEGIC DEVELOPMENT OF COMPANIES

Purpose: the main purpose of the study is to substantiate the prospects and relevance of corporate governance in Russia, which is considered as a factor of stability and profitability of business in the dificult conditions of uncertainty of the external environment due to a series of global challenges. For the objectivization of the choice of possessing the relevant competence of managers and avoiding principal-agent conflicts it is important to explore the factors driving the process of delegating the management of the company to the professional management, and to identify its specifics, characteristic for the Russian realities.

Methods: the peculiarity of this article is to compare and summarize the views of members of the expert community, representing different areas of practical and analytical activities and able to assess the state and dynamics of corporate governance in Russia from different points of view. The article attempts to integrate common positions of the expert community and to correlate them in cases where consensus is not yet observed. Thus, the author does not pretend to discover new facts and produce new quantitative data, but offers a generalized representation of existing diverse views on the state and trends of corporate governance in modern Russia.

Results: the factor analysis of the origins and status of the problem of delegation of company management to professional management. Modern trends in the development of management of Russian companies are summarized on the basis of a comparison of assessments of practitioners and experts representing different groups of the professional community on the most problematic areas of corporate governance development. The directions of operational activities for assessing the readiness of management to solve strategic tasks and achieve the strategic goals of the company. A set of factors to improve the eficiency of corporate governance was identified and priority indicators for its analysis were identified.

Conclusions and relevance: the conducted research shows that the topic of achieving the effectiveness of corporate governance does not lose its relevance, its importance increases many times to achieve the strategic goals of the company, improve its competitiveness and investment attractiveness. The success of strategic development depends on many factors, including productive, responsible and trusting relations of all subjects of corporate governance, first of all – owners and hired management. In strategic terms, those companies that have chosen the path of improving corporate governance, gain more chances of their own growth, reliable strengthening of the previously won leading market positions, acquisition of a global scale.

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