Corporate Governance and Conflict of Interest in International Corporations

Student: Daria Medvedeva

Supervisor: Dmitry Mikhailovich Maksimov

Educational Programme: Corporate and Private International Law (Master)

Year of Graduation: 2024

The position expressed by Karl Furstenberg, the leading German banker of his time, succinctly reflects one of the main problems facing a large enterprise – the divergence of interests between the company's management (management) and shareholders (owners). Why can or should shareholders transfer part of their savings into the hands of other people so that they spend them at their discretion, without any obligation to return? The answer to this question is far from simple and involves a complex interaction of a number of legal norms, economic institutions and market mechanisms. For four hundred years, corporate law has been trying to solve such a problem of corporate governance as the separation of ownership and control. Subsequently, the question of how to achieve a balance between other stakeholders of the corporation was added to this.

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