Stakeholders’ interests regulation in emergent corporate management

Economic Annals-ХХI: Volume 154, Issue 9-10, Pages: 52-55

Citation information:
Khilukha, O. (2015). Stakeholders’ interests regulation in emergent corporate management. Economic Annals-XXI, 9-10, 52-55. https://ea21journal.world/index.php/ea-v154-12/

Oksana Khilukha
PhD (Economics),
Associate Professor,
Lesya Ukrainka Eastern European National University
13 Volia Avenue, Lutsk, 43025, Ukraine
oksanalipych@gmail.com

Stakeholders’ interests regulation in emergent corporate management

Abstract. Introduction. Recent research has documented differences among corporate governance in various organizations, which affects the company’s market value. A link between corporate governance and interest of stakeholders has been examined. Purpose. The purpose of the research is to determine the essential features of the corporate governance, to investigate and to regulate stakeholders’ aims. Methods. We have identified the notion of the emergent corporate governance with the use of the method of logical semantics. Further, we have analyzed the stakeholders’ interests by applying the method of systems analysis. The forms and methods of regulation of conflicts of interests in corporate governance were determined based on analysis, synthesis and classification methods. Results. In this paper, we have defined emergent corporate governance, as well as an interaction system between shareholders and management of the corporation. This system essentially involves balancing the interests of the board directors, audit commission and other stakeholders in the emergent environment. We have examined the stakeholders’ conflicts of interest which appear because of the difference in goals of the corporate management members. Conclusions. We have decided to use a coordination of interests’ matrix that will balance the interests of participants in corporate governance. The matrix considered the interests of stakeholders that are common for priority groups of stakeholders to enable the development of the organization.

Keywords: Corporate Governance; Emergent Corporate Governance; Stakeholders; Matrix of Interest Coordination

JEL Classіfіcatіon: G 34; D 74

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Received 08.07.2015