Main news

Chairman of the Supervisory Board of NII KPU E.Sh. Juraev joined the RSPP Board

The participation of representatives of the Research Institute of the Communist Party in the composition of the expert council on the import substitution of the State Duma of the Federal Assembly of the Russian Federation

Director of the Research Institute of the Communist Party became a member of the Council of the RF CCI on Intellectual Property

Chairman of the Supervisory Board of the CPMI was appointed as a member of the Expert Council on Import Substitution and Improvement of Innovation Public Procurement in the transport sector at the Ministry of Transport of the Russian Federation

The CPMI is included in the TK-481 of the Federal Agency on Technical Regulating and Metrology of Russia

Chairman of the Supervisory Board of the Research Institute of the Communist Party was appointed a board member of the MIC board of PPP Development

The Chairman of the Supervisory Board of the СPMI is appointed a member of the Expert Council on the software under the Russian Ministry of Communications of the Russian Federation

CPMI is included in TC 100 of Federal Agency on Technical Regulating and Metrology

Activities CPMI received a high rating

Heads of CPMI were included in Center of Monitoring of Peoples’ Front for Russia

Coordinated participation of CPMI Experts as experts of Government Commission on Fuel-Energy Complex

Skolkovo and CPMI are joining forces in solving issues on import substitution in RF

The article by the leading expert of the NII KPU Sergey Lutsenko “Legal strategy to deter illegal actions of management” (published in the journal “Russian Journal of Legal Studies”, 2018, No. 4), was appreciated by the Department of Financial and Banking and Investment Development of the Ministry of Economic Development of Russia.

The author considers a legal strategy to protect the interests of owners from illegal actions of management. The agent problem between owners and governing bodies in corporate legislation is analyzed through the prism of legal strategy. The owner of the company's assets has powers that allow him to independently appoint (select) a manager in order to achieve efficiency.

The manager is vested with extensive asset management authority. The legal deterrence strategy involves coordinating the actions of management and the owner, allowing to reduce agency costs associated with illegal actions (violations of their fiduciary duties) on the part of management. In corporate law, the basic principle is the priority of the interests of the company as a whole (corporate good) over the interests of other participants in corporate relations. A key role is played by owner control over management actions as part of a legal containment strategy.

An effective and flexible remuneration system allows you to reduce the level of agent conflict between management and the owner of the company. The motivation program should be focused on the important long-term goals of the company. The remuneration should be directly related to the results of the company and the professionalism of its management. Part of the legal containment strategy is the use of fiduciary norms that protect the interests of the participant (shareholder) as a class. Legislation requires that the leader act in good faith and reasonably in the interests of the company.

The author focuses the company on ensuring independence in the composition of governing bodies in order to reduce the agent conflict between management and company participants. The proposed legal containment strategy proposed by the author mitigates the agent conflict between the interests of management and the interests of company participants.

Read the full article in Expert library NII KPU

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