The author exercises a legal analysis of a judicial authority decision in respect of the journal “Issues of Economics”. In particular, the analysis is based on the “rule of law” criterion and the limits of judicial discretion. The author concludes that the law enforcer, showing legal nihilism, has issued illegal judicial act. The court decision actually violates the principle of equality and coordination of the parties’ wills. In addition, the law enforcers has committed arbitrary interference in the economic activities of participants. The author hopes that the paper will help a federal legislator in respect of constituting the true status of the Russian Academy of Sciences as a legal entity of public law with the functions of public administration since the status of the RAS constitutes an element of scientific and technological sovereignty of the state and is a component of national security.
Author page: Sergey Lutsenko
The author considers features of functioning of organs of government (board of directors and management) in joint-stock company. It is possible to present company director not only in the form of organs which is born by fiduciary duties of due care before the company and its shareholders of the company, but also as agents who render services to shareholders. The author suggests to consider organs of government in two directions (as corporate organ which are allocated by powers and are a company integral part and as agents who render services to shareholders) as such review allows shareholders to expect the true purposes of a director and not to admit destruction of shareholder value.
The article analyzes the structure of corporate governance, which bears the name of “team production”. The theory of team production assumes not only (not so much) increase of the owners welfare, but supposes assessment of each participant’s contribution into corporate governance, into the final result of the company’s activity through mutual cooperation. The author considers the theory of team production aimed at ensuring socio-economic well-being of society, not just to receive corporate benefit. With the help of the presented model it is possible to improve qualitatively the structure of corporate governance.