Corporate governance norms and codes can be Russian or international:
London Stock Exchange Code. Provides guidance to firms wishing to be listed as trusted and reliable to trade internationally.
The Code of Corporate Governance of the Russian Federation of 2014. It was created to help organize internal management and increase the attractiveness of domestic firms for potential investors.
The Code of an Independent Director, created by the Association of Independent Directors of the Russian Federation. Establishes the rules and regulations for the activities of a board member.
Corporate Governance Codes
These standards are not mandatory the usage of facebook database for implementation, but only provide recommendations for organizing the activities of the corporation and include the most effective management methods. If desired, the listed standards can be taken as a basis and create your own standards.
Indicators of the effectiveness of corporate governance of the company
Corporate management can be successful if the following principles are followed:
transparency of activities;
openness of financial and other data on the company's operations;
use of internal methods of managing the work of managers;
respect for the rights and interests of each investor;
commitment to corporate governance strategy.
The need to implement internal control is obvious. High-quality management of the company allows achieving better results in the long term and easily forming capital. High requirements for managers reduce the likelihood of losses when investing. Such security is ensured by the work of managers with high qualifications and salaries.
Thus, the sponsor has the opportunity to invest his capital at a low cost. Organizations with strong corporate structures guarantee that the income will increase for both the buyers of shares and the employees of the company. And it is also beneficial for the state and the population, since the work of the enterprise has a positive effect on the economy.
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