1. Corporate Governance
1. INTRODUCTION

2. Literature Textbooks & monographs: Papers: Reports by organizations:
R.A.G. Monks, N. Minow, Corporate Governance, 5th Edition, John Wiley & Sons, New York 2011
A.N. Kostyuk, U.C. Braendle, R.Apreda (eds.), Corporate Governance, Virtus Interpress, Sumy 2007
R.W. McGee (ed.), Corporate Governance in Transition Economies, Springer, New York 2008
Papers:
R.H. Coase, The Nature of the Firm, “Economica,” New Series, Vol. 4, No. 16, 1937
M.C. Jensen, W.H. Meckling, Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure, “Journal of Financial Economics,” October 1976
A. Shleifer, R.W. Vishny, A Survey of Corporate Governance, “Journal of Finance” 1997, Vol. 52, No. 2
I. Hashi, The Legal Framework for Effective Corporate Governance: Comparative Analysis of Provisions in Selected Transition Economies, “Studies and Analyses” CASE, No. 268, 2003
Reports by organizations:
G20/OECD Principles of Corporate Governance, OECD, Paris 2015
A. Cadbury (ed.), The Code of Best Practice, Report of the Committee on the Financial Aspects of Corporate Governance, Gee and Co Ltd, London 1992

3. Definitions
Narrow definition (my compilation): Relationships between owners of assets and managers. The main problem of the CG is responsibility of asset managers vis-à-vis its owners for realization their economic interests.
Widest definition:  The system by which companies are directed and controlled. (Cadbury Committee)
Moderately wide definition: Corporate governance involves a set of relationships between a company’s management, its board, its shareholders and other stakeholders. Corporate governance also provides the structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are determined. (OECD)

4. Scope of Corporate Governance
Control over companies’ functioning
Subsystem of the economic system
Tool for studying economic relations
Object of governmental and third party policy
Companies included:
all legal persons?
only listed companies?
only companies where CG problems arise?