Authors:
Alexander Shchepotev
1
;
Ellada Shelispanskaya
2
and
Yana Fedorova
3
Affiliations:
1
Consulting group "New Paradigm", Tula, Russia, Russian Federation
;
2
Tula State Lev Tolstoy Pedagogical University, Tula, Russia, Russian Federation
;
3
Financial University under the Government of the Russian Federation, Moscow, Russia, Russian Federation
Keyword(s):
Corporate Governance, Globalization, Model, Management, Shareholder, Valuation, Informal Asset
Abstract:
The subject of the research is the corporate governance system as a hidden asset of the company. The corporate
governance system, regardless of its accounting in the accounting registers, is an informal but real asset of
any company. The article examines the main current models of corporate governance, which is defined as a
system of relationships between owners of capital, management and others who are interested in achieving
the goals of the organization, based on fair and legitimate activities. The factors influencing the emergence
and development of globalization are listed, and also influence the improvement of corporate governance
models. It is concluded that the peculiarities in the formation of corporate governance of each country are
related to the territorial individuality, national characteristics of states and world relations, which allow to
highlight the strengths and weaknesses of the three models of corporate governance.