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Corporate agreement as a means of providing security in the course of entrepreneurship development

Author

Listed:
  • Lubov Borisovna Sitdikova

    (Russian State Social University, Russian Federation)

  • Svetlana Jurievna Starodumova

    (Russian State Social University, Russian Federation)

Abstract

A corporate agreement has become necessary for entrepreneurship development in Russia in connection with the need of participants of associations to regulate the emerging corporate relationships within the organization in the area of corporate governance and business administration. However, the decade-long experience of implementation of regulations relating to corporate agreements has posed plenty of questions, in particular, about the legal nature of corporate agreements, their scope of validity, and the liability of associations to counteragents for failure to perform their obligations due to limitations set by a corporate agreement. Therefore, the objective of this paper is to explore the legal nature and contents of the corporate agreement as a means of providing security in the course of entrepreneurship development based on analysis of court practice and reception of regulations relating to corporate agreements from foreign legal systems. The conducted research has shown that the subject field and scope of the corporate agreement are not imperatively prescribed by law. The corporate agreement in the Russian legislation has adopted general features of legal regulation common in continental Europe, whereas the contents were borrowed from the Anglo-Saxon law.

Suggested Citation

  • Lubov Borisovna Sitdikova & Svetlana Jurievna Starodumova, 2019. "Corporate agreement as a means of providing security in the course of entrepreneurship development," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(1), pages 324-335, September.
    • Handle: RePEc:ssi:jouesi:v:7:y:2019:i:1:p:324-335
    DOI: 10.9770/jesi.2019.7.1(24)
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    References listed on IDEAS

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    1. Farzam Ardalan & Nejad Ali Almasi & Mansour Atasheneh, 2017. "Effects of contractor and employer's obligations in buy back contracts: case study of oil exporting country," Post-Print hal-01706887, HAL.
    2. Farzam Ardalan & Farzam Ardalan & Nejad Ali Almasi & Nejad Ali Almasi & Mansour Atasheneh & Mansour Atasheneh, 2017. "Effects of contractor and employer's obligations in buy back contracts: case study of oil exporting country," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 5(2), pages 345-356, December.
    3. Angelo Baglioni, 2011. "Shareholders' agreements and voting power: evidence from Italian listed firms," Applied Economics, Taylor & Francis Journals, vol. 43(27), pages 4043-4052.
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    More about this item

    Keywords

    corporate agreement; administration of legal entities; entrepreneurship; liability;
    All these keywords.

    JEL classification:

    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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