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Source: Journal Citation ReportsTM from ClarivateTM 2022

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2022) 1.7
Journal Citation IndicatorTM (2022) 0.42
Received: 2019-02-25  |  Accepted: 2019-07-26  |  Published: 2019-09-30

Title

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


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.


Keywords

corporate agreement, administration of legal entities, entrepreneurship, liability


JEL classifications

K22


URI

http://jssidoi.org/jesi/article/372


DOI


Pages

324-335


Funding

This article was prepared as part of an internal research work on the topic "Corporate Information System for Entrepreneurial Security in the Digital Economy", carried out with financial support from the Russian State Social University.

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Sitdikova, Lubov Borisovna
Russian State Social University, Moscow, Russian Federation http://rgsu.net
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Starodumova, Svetlana Jurievna
Russian State Social University, Moscow, Russian Federation http://rgsu.net
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Journal title

Entrepreneurship and Sustainability Issues

Volume

7


Number

1


Issue date

September 2019


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

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References