Motivational Provision of Management of Stock Capital Shares

Voloshko Natalia A. () and Kurennoy Aleksandr V.
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Voloshko Natalia A.: Alfred Nobel Dnipropetrovsk University
Kurennoy Aleksandr V.: Dnipropetrovsk Regional Institute of Public Administration of the National Academy of Public Administration under the President of Ukraine

Business Inform, 2013, issue 3, 348_353

Abstract: The article states that the system of corporate management, which was formed in Ukraine, is characterised with predominance of insider interests over aspirations of other participants of corporate relations. Availability of such a disproportion in relations between shareholders and corporation top managers significantly complicates conditions of corporate co-operation and often invalidates all advantages of the use of the joint-stock form of organisation of entrepreneurial activity. It underlines that complexity of relations between shareholders and hired top managers of a joint-stock company is a reason of formation of relatively complex forms of co-ordination of interests of these groups of participants of corporate relations, the most perfect of which is the use of programmes of participation in the capital, for payment of labour of the top management of the corporation using the principles of realisation of programmes of long-term payment.

Keywords: joint-stock company; stock capital; corporate relations; corporation top management; long-term payment programmes (search for similar items in EconPapers)
Date: 2013
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