Electronic corporate governance and problems of transparency of the information: Comparative pilot research

Abstract

One of the basic issues in the field of corporate governance is the choice of the most adequate national model in conditions of globalization of modern economy. The comparative analysis of national models of corporate governance allows defining the basic advantages (costs) which are necessary for considering development of corporate governance in Russia. One of perspective directions of enhancing corporate governance performance is creation of the concept of electronic corporate governance, an academic background for which is the concept of electronic government. The important component of electronic corporate governance is transparency of the companies. In this paper the comparative analysis of basic models of corporate governance is discussed from the point of view of key criteria, specifics of Boards of directors activities is analyzed. The special attention is given to the analysis of corporate web sites characteristics from the view of providing basic information on corporate governance in companies to the broad base of investors. Authors make conclusions concerning interrelation between national models of corporate governance and an information transparency of the companies.