Delegation of powers in practice corporate management

Sergej Oganovich Kalendzhjan, Tatiana Yurievna Kostenkova and Olga Vladimirovna Gumilevskaya
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Sergej Oganovich Kalendzhjan: The Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow, Russia
Tatiana Yurievna Kostenkova: The Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow, Russia
Olga Vladimirovna Gumilevskaya: The Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow, Russia

Russian Foreign Economic Journal, 2016, issue 7, 108-119

Abstract: The article analyzes the important issue of corporate governance - delegation of authorities by the shareholders to the company’s executive bodies. Different structures of executive management bodies, which exist in the international practice, are described. The authors reveal the main stages of the process of the delegation of authorities: evaluation of the competence level of the executive management bodies, setting goals and objectives, establishment of the range of delegation, control and responsibility for the non-performance or improper performance of the duties within the range of delegated authorities. For the first time the article analyzes the application of the model of management through delegation of authorities and responsibilities to the organization of the corporate governance.

Keywords: Corporate governance; delegation of authorities; Board of directors; executive management bodies; range of delegation; control; responsibility of executive management bodies. (search for similar items in EconPapers)
Date: 2016
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