caerCentral Asian Economic ReviewCentral Asian Economic Review2789-43982789-4401Университет Нархозcaer-44Research ArticleГЛОБАЛИЗАЦИЯ И КАЗАХСТАНGLOBALISATION AND KAZAKHSTANНАЦИОНАЛЬНЫЕ МОДЕЛИ КОРПОРАТИВНОГО УПРАВЛЕНИЯ В СТРАНАХ ЕВРАЗИЙСКОГО ЭКОНОМИЧЕСКОГО СОЮЗА И ПУТИ ИХ СОВЕРШЕНСТВОВАНИЯNATIONAL MODELS OF CORPORATE GOVERNANCE AND WAYS TO IMPROVE THEM IN THE EURASIAN ECONOMIC UNION COUNTRIESУжеговаО.UzhegovaO.

Ужегова Ольга – доктор делового администрирования, ассоциированный профессор

Алматы

Almaty

uzhegova@kimep.kzУниверситет «КИМЭП»Казахстан«KIMEP» University NJSCKazakhstan202028062020033647Copyright © Ужегова О., 20202020Ужегова О.Uzhegova O.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://caer.narxoz.kz/jour/article/view/44

Цель исследования. Определение способов повышения эффективности применяемых моделей корпоративного управления и путей гармонизации законодательства стран Евразийского Экономического Союза, функционирующего с 1 января 2015 года. Методология исследования. Анализ моделей корпоративного управления, применяемых в странах Евразийского Экономического Союза, произведен на основе анализа законодательной базы. Для понимания того, насколько нормы, предусмотренные действующим законодательством, реализуются на практике, проведены интервью с корпоративными юристами Казахстана. Оригинальность исследования. В статье поднимается вопрос о степени, в которой права акционеров, вне зависимости от гражданства и доли участия в бизнесе, в части возможности быть представленными в совете директоров в целях защиты их интересов, могут быть реализованы в странах Евразийского Экономического Союза. Также, рассматривается вопрос роли независимых директоров в процессе реализации прав инвесторов в выбранных юрисдикциях. Результаты исследования – указывают на невозможность реализации эффективной модели корпоративного управления в рамках действующего законодательства в странах Союза. В работе предлагаются способы повышения эффективности применяемых моделей корпоративного управления и пути гармонизации законодательства стран Евразийского Экономического Союза.

Purpose of the research. To identify the ways for improving the efficiency of the corporate governance models adopted and ways for harmonization of the legislation in countries -members of the Eurasian Economic Union effective January 1, 2015. Methodology. Evaluation of the corporate governance models adopted at the national level in countriesmembers of the Eurasian Economic Union has been performed based on the analysis of the legislation. To grasp a practical ramifications of norms envisaged in the laws, an in-depth interview with corporate lawyers of Kazakhstan has been conducted. Originality / value of the research. This research examines to what extent the right of shareholders, regardless of the country of origin and his/her share in the capital of the corporation, to be represented in the boards for the purpose of protection of their interests, could be realized in countries – members of the Eurasian Economic Union. Further, this study looks at the role of independent directors in the process of realization of the rights of investors in selected jurisdictions. Findings. The results of the research undertaken demonstrate notable deficiency in implementing an effective corporate governance model in courtiers – members of the Union. In this study ways for improving the efficiency of the corporate governance models and for harmonization of the legislation of countries –members of the Eurasian Economic Union are offered.

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The authors declare that there are no conflicts of interest present.