NATIONAL MODELS OF CORPORATE GOVERNANCE AND WAYS TO IMPROVE THEM IN THE EURASIAN ECONOMIC UNION COUNTRIES

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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