Author page: Bezpalov V.V.

Analysis of the corporate governance system of the Russian state holding company of the nuclear industry

DOI: 10.33917/mic-4.111.2023.56-68

On the basis of transactional analysis, the model of interdependence of the three main categories of corporate governance of Rosatom Group is considered.  Having analyzed the management structures of the joint-stock company and taking into account the desire of Rosatom Group to maximize shareholder profits, we believe that Rosatom Group was created in accordance with the Anglo-Saxon model of corporate governance. One of the problems of corporate governance is that the company’s principles enshrined in the Code of Business Conduct and Business Ethics of Rosatom State Corporation lack an element of innovation, and the company’s mission poorly reflects it, despite the “innovative development program”. The problem of mismatch of principles in such a large corporation as Rosatom, of course, at some point may have a negative impact on the internal environment. It is proposed, in order to optimize corporate governance processes and accelerate managerial decision-making, to reproduce a comprehensive automated database on the corporate ownership structure of Rosatom Group organizations in the nuclear industry.


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State programs and projects to stimulate the leading EU companies for the use of renewable energy sources, hydrogen and recycling of municipal solid waste

DOI: 10.33917/mic-1.108.2023.52-60

This article provides an analytical review of government programs and incentive projects for leading EU companies in the use of renewable energy sources (RES), hydrogen and recycling of municipal solid waste (MSW) under economic sanctions. It has been established that the federal government of Germany, as the leading EU country, as part of stimulating the use of renewable energy, has launched a series of public and public-private (with the involvement of large investors) projects and financing programs that are aimed at private households, as well as municipalities and companies. The 7 largest projects and programs for the use of renewable energy and hydrogen were analyzed, as well as the 6 largest projects and programs for the recycling of solid waste. It has been established that renewable energy sources have begun to play an important role in the structure of the energy balance of the entire European Union, in no way inferior to fossil fuels.


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Assessment of the financial potential and corporate asset management policy of Severstal Corporation PJSC

DOI: 10.33917/mic-6.107.2022.49-59

This article assesses the financial potential and corporate asset management policy of Severstal Corporation PJSC. A recommendation is given to change the current liabilities management policy from aggressive to moderate, which will lead to an increase in the financial stability of the enterprise, a decrease in the effect of financial leverage, as well as an increase in the weighted average cost of capital as a whole. The study conducted by the authors showed that Severstal Corporation PJSC has average estimates for almost all components of the financial potential of the corporation, therefore, it can be assigned an integral average level of financial potential.


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Assessment of financial potential and corporate asset management policy of RUSAL URAL JSC

DOI: 10.33917/mic-4.105.2022.24-33

This article evaluates the financial potential and corporate asset management policy of RUSAL URAL JSC in the context of economic sanctions. It is established that RUSAL URAL JSC combines an aggressive policy of managing current assets and an aggressive type of policy of managing current liabilities. Thus, a comprehensive operational management policy can also be characterized as aggressive. JSC RUSAL URAL has low ratings for almost all components of the financial potential of the corporation (FPC), therefore, it can be assigned a low level of FPC. Thus, the corporation is not financially stable. In order to improve the financial position of the corporation, increase its stability and solvency, it is possible to change the policy of managing current liabilities from aggressive to moderate, i.e. reduce the share of short-term loans in the total amount of liabilities.


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