Methodological Aspects of the Development of a Legal Model of Sustainable Corporate Governance: to the Formulation of the Question

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Abstract

The global trend in the implementation of sustainable development goals and ESG transformation poses a methodologically difficult task of developing a national legal model of sustainable corporate governance. The article considers: its necessity and possibility, the domestic tradition of legal modeling, including in the field of management, the problem of using foreign, primarily Western, experience in modern conditions, the desire of business to innovate in this area. The key methodological problem of determining the degree and adequacy of state intervention in corporate relations is highlighted: justifying the need for legal regulation of sustainable corporate governance, or leaving it in the area of soft regulation, considering it an internal affair of corporations. Taking into account the peculiarities of the current situation, in which the economy is working under the pressure of sanctions and external circumstances, the development of the desired model may not seem relevant and premature. In this context, the publication is focused on raising, updating, the question.

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About the authors

Alina V. Petrova

Gazprom Social Initiatives Foundation

Author for correspondence.
Email: petrova.av@socialfondgaz.ru

Deputy Director on Legal and Material Relations

Russian Federation, Moscow

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