PROBLEMS OF STATE REGULATION FOR PROTECTING THE RIGHTS OF THE CORPORATION PARTICIPANTS TO OBTAIN DOCUMENTS AND INFORMATION ABOUT ITS ACTIVITIES

Andrey Gavrilov ()
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Andrey Gavrilov: Moscow Bar Association "Butorin, Gavrilov and Partners"

Public administration, 2023, vol. 25, issue 4, 18-23

Abstract: The article deals with the main problems of state regulation for the rights of minorityparticipants in the corporation to obtain information and documents on the financial and economicactivities of the corporation. It assesses the problems of state regulation and the practice of its application.The methods of research used by the author are comparative-legal,formally-legal,logical,dialectical and systemic.In this article,the author proceeds from the fact that in practice, corporations often, and in the context of a corporate conflict, in the overwhelming majority of cases, regardless of the adopted judicial acts, evade their execution. Minority shareholders cannot obtain the information they need for long periods of time,as a result of which they often do not have time to stop the offenses committed bythe majorityshareholders and prevent significant damage to the corporation. The author concludes that the regulation of corporate relations in terms of the rights of minority shareholders of the corporation to receive information should be strengthened by the state through various measures, including new measures that have no analogues. Such regulation will balance relations within the corporation,reduce the risks of using the corporation solely in the interests of majority participants and,as a result,increase the investment attractiveness of corporations.

Keywords: CORPORATE LAW; PROTECTION OF THE RIGHTS OF MINORITY PARTICIPANTS; OBTAINING INFORMATION ABOUT THE ACTIVITIES OF THE CORPORATION; STATE REGULATION; STRENGTHENING THE ROLE OF THE STATE; INCREASING THE INVESTMENT ATTRACTIVENESS OF THE CORPORATION (search for similar items in EconPapers)
Date: 2023
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