Methods for increasing the effectiveness of corporate governance and minimizing agency costs in the system of modern Russian corporate relations[Методы Повышения Результативности Корпоративного Управления И Минимизации Агентских Издержек В Системе Современных Российских Корпоративных Отношений]

This paper is devoted to the study of possible methods of improving corporate governance, primarily in companies with state participation. The research methodology is based on the approaches underlying the Russian Code of Corporate Governance and the recommendations of the Organization for Economic Cooperation and Development (OECD). The study determined the impact of the quality of corporate governance on the financial performance of companies with state participation, and on this basis prepared recommendations for improving the efficiency of management of Russian companies with state participation. The work also formed proposals for improving domestic corporate relations and, in particular, suggested recommendations on how to organize the selection by business owners of senior executives of the corporation when they are hired, shows the mechanism of their work and features of interpretation of the results.