Regulation of conflict of interest in the joint-stock company in Europe (for example, Germany, France, Great Britain)
( Pp. 50-54)
More about authors
Andriushova Elena Alekseevna
aspirant. Mesto ucheby: NIU Vysshaya shkola ekonomiki. Podrazdelenie: kafedra grazhdanskogo i predprinimatelskogo prava. Dolzhnost: yurist. Mesto raboty: OOO «Vympel-Protekt».
NRU Higher School of Economics; "Vimpel-Protect", LLC
NRU Higher School of Economics; "Vimpel-Protect", LLC
Abstract:
Background. The aim of the article is to study the basic trends in European corporate law for overcoming conflict of interest in joint-stock company. Foreign scientists, who were engaged in this topic: Bohinc R., Demski J., Enriques L., Volpin P., Enriqes D., Jensen M., Meckling W., L’Huillier B., Margotta D., Park D., Rosa G., Shopovski J., Shukla L., Sayrak A., Warburton A. Materials/methods. During the study were used scientific methods (compilation of data and system analysis), as well as legal methods (comparison, formal). Research area was limited to the study of the legislation of Great Britain, France and Germany in the field of regulation of corporate relations in joint-stock company. Particular attention was paid to the methods of overcoming the conflict of interests between shareholders and management, as well as between majority and minority shareholders. Results. The study identified the following main areas of prevention of negative consequences of the conflict of interests in joint-stock company in the European Union: the activities of the Supervisory Board, the provision of additional rights to minority shareholders, the establishment of disclosure requirements and state control over the activities of public companies. Scope of the study/possibility of further use of the results of scientific work. A study of the European experience in managing conflicts of interest in joint-stock company may be used for the development of legislation in the Russian Federation. Originality/value. The work is intended for scientists involved in issues of civil and corporate law, as well as for practitioners.
How to Cite:
Andriushova E.A., (2016), REGULATION OF CONFLICT OF INTEREST IN THE JOINT-STOCK COMPANY IN EUROPE (FOR EXAMPLE, GERMANY, FRANCE, GREAT BRITAIN). Gaps in Russian Legislation, 1 => 50-54.
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The theme of the quot;little man. quot; Rights of minority shareholders in Russia and in the countries of the common law. Tema malen kogocheloveka . Prava minoritarnyh akcionerov v Rossiii v stranah obshhego prava . http://www.roche-duffay.ru/articles/minority.htm.
Warburton A. Do fiduciary duties matter Corporate Governance. 2011. No. 5. P. 541-548.
Gryzunova N.V. Upravlenie aktsionernym kapitalom: problemy sobstvennosti i konflikt interesov // Biznes v zakone. 2012. № 5. S. 134-138.
Stakheeva YU.A., Aktual naya problemy pravovogo regulirovaniya sdelok s zainteresovannost yu v aktsionernykh obshchestvakh // Biznes v zakone. 2015. № 5.S. 146-153.
Bohinc R. Conflicts of directors interests with the interests of the company in the context of financial and economic crisis (a comparative overview of some EU countries). http://virtusinterpress.org/IMG/pdf/CONFLICTS OF DIRECTORS INTERESTS WITH THE INTERESTS OF THE COMPANY IN THE CONTEX OF FINANCIAL AND ECONOMIC CRISIS a comparative overview of some EU countries by Rado Bohinc.pdf
Demski J. Corporate conflict of interest. Journal of Economic Perspectives. 2003. No. 17. P. 51-72.
Enriques L., Volpin P. Corporate Governance Reforms in Continental Europe. Journal of Economic Perspectives. 2007. No. 1. P. 117-140.
Enriqes D. The law on company directors self-dealing: a comparative analysis. International and Comparative Corporate Law Journal. 2000. No. 2. P. 297-333.
Jensen M., Meckling W. Theory of the firm: managerial behavior, agency costs and ownership structure. Journal of Financial Economics. 1976. No. 4. P. 305-360.
L Huillier B. What does corporate governance actually mean Corporate Governance. 2014. No. 3. P. 300-319.
Margotta D. New conflict of interest in the modern corporation. The Business Review, Cambridge. 2009. No. 1. P. 8-14.
Park D. Bankers on the board, market competition, and conflicts of interests. http://pubfin.nccu.edu. tw/event/ icrecp/3-1.pdf
Rosa G., Shopovski J. Directors conflict of interest different European legal perspectives. Beijing Law Review. 2013. No. 4. P. 174-179.
Shukla L., Sayrak A. Editorial Commentary: Corporate Governance: Incentive, Conflict of Interest and Bias. The Journal of Behavioral Finance. 2005. No. 1. P. 2-5.
The theme of the quot;little man. quot; Rights of minority shareholders in Russia and in the countries of the common law. Tema malen kogocheloveka . Prava minoritarnyh akcionerov v Rossiii v stranah obshhego prava . http://www.roche-duffay.ru/articles/minority.htm.
Warburton A. Do fiduciary duties matter Corporate Governance. 2011. No. 5. P. 541-548.
Keywords:
a conflict of interest, joint-stock company, minority shareholder, disclosure, the Supervisory Board, comparative analysis, The European Union.
