Effective management of state corporate rights in Ukraine: problems and solutions
In the article the peculiarities of the management of state corporate rights. Analyzed normative-legal base of regulation of corporate relations, the results revealed some contradictions. On the basis of scientific works of scientists summarizes the approaches to the definition of the objectives of management of state corporate rights from the perspective of macro-level and macro-level. The main purpose of the corporate rights management is the implementation of General state functions and increase tax revenues of the state budget at the expense of dividends and other forms of profit. Provided a detailed analysis of the corporate portfolio state during the last period, after which concluded that the corporate portfolio states has a tendency to decrease. Identified existing problems of effective management of state corporate rights: the contradictions in the legal framework; irrational structure of corporate rights of the state; low professional level of the management of state corporate rights; the contradiction of functions of executive authorities; insufficient responsibility for inefficient management; imperfection of the dividend policy of the state as owner; unstable financial and investment policy of the joint stock company; the challenges associated with conducting a secondary share issue.By results of the analysis there have been substantiated the ways of solving problems: improvement of the legislative base; reorganization of the system of management of state corporate rights; more attention to the authorized bodies on management of state corporate rights must be given to strategic management, which will help companies to find their niche in the market and reach a new development level; to increase the professional level of employees on the management of state corporate rights; to improve dividend policy of the enterprises of the public sector; to develop a clear system of motivation of authorized persons and a system of measures aimed at increasing responsibility for inefficient management of these facilities.
[Download PDF version]
Keywords: corporate rights, corporate governance,joint stock company, state, shares, dividends,investments |
CORPORATE FINANCE
Maister Anna
postgraduate Department of Financial markets SHEI «Kyiv National Economic University named after Vadym Hetman»
|
