Perspectives of Innovations, Economics and Business

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Volume 2
Issue 2
Online publication date 2009-10-09
Title Developing a corporate management in a joint-stock company
Author Galina Konopyanova
Abstract Balanced and effective formalization of rules of corporate management are important for companies to implement reliable strategies and sustain on market. The paper outlines the board of directors’ responsibility within the OECD  principles of corporate management. As the author states, relations between board of directors and a company management  must be essentially improved in Kazakhstan. It is argued that the current state of board directors’ authority in Kazakhstan companies does not provide their involvement in developing and controlling strategic course and values on market.  
Keywords Corporate management, stock company, board of directors, strategic management
Pages 58-60
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