THE STAKEHOLDER APPROACH IN THE MANAGEMENT OF PUBLIC AND NON-PUBLIC COMPANIES

V. A. Vybornyj and A. S. Shevchuk

Business Strategies, 2015, issue 6

Abstract: This article outlines issues associated with the current stakeholder approach implementation in public and in non-public companies. Besides, there are some external factors which prevent Russian companies from implementing stakeholder approach are highlighted. Authors assume that the Russian model of Corporate Governance should be modified, favoring the outsider model in order to incorporate minor stakeholders or reorganize corporate control. In addition, some measures that should help Russian companies to implement stakeholder approach are given.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:aci:journl:y:2015:id:165

DOI: 10.17747/2311-7184-2015-6-2

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