LEGAL ISSUES OF THE ROLE OF SUPERVISORY BOARD IN GOVERNANCE JOINT-STOCK COMPANIES

Abstract

This article discusses the governing bodies of joint-stock companies, in particular, supervisory board, its importance, the powers and functions of supervisory board, specifically its powers to provide organizational assistance to the general meeting of shareholders, and the powers directly related to the governance of the company, composition and formation of supervisory board, board's meetings. The basic theories and comparative legal analysis of the legislation of developed countries were carried out, the existing trends are identified, gaps and contradictions in the legislation are diagnosed and suggestions and proposals were made to address deficiencies in legislation.