CORPORATE GOVERNANCE INTERNATIONAL REGULATION

Introduction. The article discusses the main aspects of the international regulation of corporate governance. The authors substantiate the necessity of development of normative-legal regulation in this field at the micro - and macro-levels. The article presents characteristics of corporate governance and describes its main objectives, which are implemented taking into account the activities of all stakeholders. Materials and methods. The material for the study consists of the works of Russian and foreign researchers in the field of corporate governance. The methodological basis of research comprises general scientific and specific scientific methods of cognition, the conceptual and empirical analysis, that allow conducting a systematic theoretical and methodological research. The results of the study. In the course of the study the authors explore the concept of corporate governance and analyze the need for the elaboration of the standards in this sphere. A classification of fundamental standards is presented, their characteristics and applications are discussed. The authors offer the directions of application of these standards to the practice of large companies and highlight areas of improvement for corporate governance. Discussion and conclusions. In this article the authors raise the issue of the need for the development and improvement of corporate governance standards in the modern environment due to changes in economic conditions and the expansion of large companies. New technologies and best practices and corporate management mechanisms are worked out by major companies in the post-crisis period, based on accepted international and national standards.

corporate governance, international and national standards, UNCTAD, code of corporate governance, financial reporting, rating agencies, international organizations

1. Bataeva B.S., 2013. Rol fondovih rinkiv v sovershenstvovanii korporativnogo upravleniya I korporativnoi sotsialnoi otvetstvennocti [The role of stock markets in improving corporate governance and corporate social responsibility]. Izvestia uralskigi gosudarstvennogo universiteta [News of the Ural state University of Economics]. Т. 1 (45). URL: https://cyberleninka.ru.

2. Gracheva M., Karapetyan D., 2004. Korporativnoe upravlenie v Rossii [Corporate governance in Russia]. Unpavlenie kompaniei [Company management]. № 1.

3. Dementieva F.G., 2011. Osnovi korporativnogo upravleniya. Uchebnoe posobie. [Fundamentals of corporate control. study guide]. Мoscow.

4. Dementieva A.G., 2010. Formi I metodi polucheniya konkurentnih preimushestv TNK v usloviyah globalizatsii [Forms and methods of obtaining competitive advantages of TNCs in the context of globalization]. Management segodnya [Management today]. № 3.

5. Zaitsev L.G., Sokolova M.I., 2012. Strategicheskii management. Uchebnik [Strategic management. Textbook]. Мoscow.

6. Kaveshnikov N., 2015. Metodi upravlenija v Evropeiskom souse [Governance practices in the European Union]. Mirovaya economica i megdunarodnie otnosheniya [World economy and international relations]. № 8.

7. Levina I.A., 2014. Motivu rukovoditelei, model upravleniya i rezultati deyatelnosti firm [Motives of managers, management model and results of firms ‘ activity]. Economicheskii gurnal VSE [Economic journal of HSE]. Т. 18. № 3.

8. Lukashevich M., 2016. Megdunarodnij management: actualnij splav teorii i practiki [International management: an actual fusion of theory and practice]. Mirovaya economica i megdunarodnie otnosheniya [World economy and international relations]. Т. 60. № 6.

9. Olevskii G., 2016. Internatsionalisatsiya predprinimatelstva i natsionalnaya konkurentosposobnost [The internationalization of business and national competitiveness]. Mirovaya economica i megdunarodnie otnosheniya [World economy and international relations]. Т. 60. № 12.

10. Sokolova M.I., 2006. Korporativnaya strategiya i korporativnoe upravlenie [Corporate strategy and corporate governance]. Upravlenie korporativnumi finansami [Corporate finance management]. № 4.

11. Shpakiva L.V., Barulina E.V. Megdunarodnue standarti finansovoi otchetnosti [International Financial Reporting Standards]. Institut problem predprinimatelstva [Institute of problems of entrepreneurship]. URL: https://www. ippnou.ru.

12. Tricker R. Is director independence so important. Corporate Governance. 06.12.2010. URL: http:// corporategovernanceoup.wordpress.com.