Improvement of corporate governance in joint-stock companies with the state share in Ukraine

• Main Author: Olena Gorbatenko
• Format: Article
• Language: English
• Published: Hryhorii Skovoroda University in Pereiaslav 2016-06-01
• Series: Економічний вісник університету
• Subjects: joint-stock company; corporative control; the state share of ownership; equity issue; sale of shares; a block of shares
• Online Access: https://economic-bulletin.com/index.php/journal/article/view/329

The subject of research is to develop recommendations for improving the corporative management o of jointstock companies with the state share in Ukraine. The purpose of research is to analyze the joint-stock companies, to develop recommendations for improving of the corporative management of joint-stock companies with the state share in Ukraine and to study the corporative management features of such companies; the theoretical principles of management organization that allow all co-partners of corporate relations track the suitability of companies to their interests. It is necessary to ascertain the possibility of keeping or selling small blocks of shares, which are owned by the state. The results of work are to develop scientific-substantiated recommendations, methods and conclusions, which directed on improving the corporative management of joint-stock companies with the state share in Ukraine. Practical Implications: organization and carrying out of the research on joint-stock companies that directed on improving the corporative management of joint-stock companies with the state share in Ukraine. Conclusions: The control features of joint-stock companies have considered, basic types and subjects of corporative control have investigated. The basic directions of the state policy of joint-stock companies with the state share have formulated. The basic instruments of hidden redistribution control in joint-stock companies (decision-making to equity issue) have analysed. The scheme of decision to equity issue has improved by selling small blocks of shares. Expediency sale of shares less than 25% in the event of absence of further keeping in state ownership have grounded. The basic ways of controlling state authorities over the management of the state corporate rights are proposed, which include: process control of joint-stock companies with the state share; control the activities of managers of such companies through expert of the main activities; control the efficiency and suitability of state participation in the statutory capital of the joint-stock companies; control the sale of state block of shares through analysis and evaluation of the process.