THE DEVELOPMENT OF TOOLS TO ASSESS THE EFFECTIVENESS AND QUALITY OF CORPORATE GOVERNANCE OF NON-PUBLIC COMPANIES

The problem of evaluating the effectiveness and quality of corporate governance acquired a special urgency in connection with the need to develop universal tools that allow the most comprehensive analysis of the operational and strategic activities of companies with state participation, to defi ne the trends and prospects for their longterm development, commercial and budgetary effi ciency. In addition, the changed legal regulation of nonpublic and public companies, and the content of the procedure of joint-stock companies. Based on the methodology of strategic management in the article the features of goal setting in developing the strategy development of companies with state participation, grounded system of strategic planning, determined the content of the stages of the strategy process. The analysis of methodical base for the application of key performance indicators (KPI) for state companies on the basis of which the specifi city of the use of KPIs by public and nonpublic companies, the proposed evaluation system of quality management of non-public companies with state participation that includes the integral factors and indicators of quality of governance. As a tool for management by key performance indicators and evaluation, proposes the use of a balanced scorecard, discusses necessary conditions for its successful implementation in the companies with state participation. The proposed integral indicator of effi ciency of activity of joint stock companies and indicators of quality of management of unitary enterprises, can be the basis for evaluating the effectiveness of operational management of companies with state participation, to be used in the process of monitoring and ranking. 

1. Federal law “On strategic planning in the Russian Federation” of June 28, 2014 №. 172 [Federal’nyj zakon «O strategicheskom planirovanii v Rossijskoj Federacii» ot 28 ijunja 2014 g. № 172-FZ]. http://www.consultant.ru/document/cons_doc_LAW_164841/ (18.09.2015) (in Russ.).

2. Batayeva B.S. Corporate management in non-public companies under the changes in the Civil code of the Russian Federation [/Korporativnoe upravlenie v nepublichnyh kompanijah soglasno izmenenijam v Grazhdanskom kodekse RF] // Managerial Sciences. 2015. № 2. P. 30–36 (in Russ.).

3. Vaganov D. A. Features of the organization of strategic planning in large companies with state participation. The report of the Expert consultative Council at the Federal property management Agency. Committee on privatization of large companies with state participation [Osobennosti organizacii strategicheskogo planirovanija v krupnyh kompanijah s gosudarstvennym uchastiem. Doklad Jekspertno-konsul’tacionnogo soveta pri Rosimushhestve. Komitet po privatizacii krupnyh kompanij s gosudarstvennym uchastiem]. M., 2014. 39 p. (in Russ.).

4. Gogol A.A., Starchenko N.V. From strategic companies for companies with objective function [Ot strategicheskih kompanij k kompanijam s celevoj funkciej] // Journal of New economic Association. 2015. № 1 (25). P. 184–189 (in Russ.).

5. Mikheev A.A., Vaganov D.A. Long-term development programmes of companies with state participation: preliminary results of the development of the strategic documents with the use of key performance indicators [Dolgosrochnye programmy razvitija kompanij s gosudarstvennym uchastiem: predvaritel’nye itogi razrabotki strategicheskih dokumentov s primeneniem kljuchevyh pokazatelej jeffektivnosti] // Journal of New economic Association. 2015. № 1 (25). P. 190–197 (in Russ.).

6. Letter of 29.04.2014 № OD-11/18576 «The development of key strategic documents in the public companies» [Pis’mo Rosimushhestva ot 29.04.2014 № OD-11/18576 «O razrabotke kljuchevyh strategicheskih dokumentov v goskompanijah»]/ http://base.consultant.ru/cons/cgi/online. cgi? base=EXP&n=594457&req=doc (19.09.2015).

7. Methodical recommendations of the Ministry of Economic development dated 22.04.2014 on developing long-term programs of strategic development of open joint stock companies and Federal state unitary enterprises and open joint stock companies, the share of Russian Federation in the authorized capitals of which in aggregate exceeds fifty percent [Metodicheskie rekomendacii Minjekonomrazvitija ot 22.04.2014 po razrabotke dolgosrochnyh programm razvitija strategicheskih otkrytyh akcionernyh obshhestv i federal’nyh gosudarstvennyh unitarnyh predprijatij, a takzhe otkrytyh akcionernyh obshhestv, dolja Rossijskoj Federacii v ustavnyh kapitalah kotoryh v sovokupnosti prevyshaet pjat’desjat procentov]. http://economy.gov.ru/minec/about/structure/depReal/201404222 (21.09.2015) (in Russ.).

8. The long-term development and key performance indicators of companies with state participation and state corporations. Open Government. 2014. [Razrabotka dolgosrochnyh programm razvitija i kljuchevyh pokazatelej jeffektivnosti kompanij s gosudarstvennym uchastiem i gosudarstvennyh korporacij. Otkrytoe Pravitel’stvo. 2014]. http://minpromtorg.gov.ru/common/upload/fi les/docs/33b0c a706c0cc2410c7c675fef2 ffbac. pdf (21.09.2015) (in Russ.).

9. Kozhevina O.V., Balunova N.V., Boiko A.N. Institutional and economic framework for assessing the quality of governance in public sector organizations: monograph [Institucional’no-jekonomicheskie osnovy ocenki kachestva upravlenija v organizacijah gosudarstvennogo sektora: monografi ja]. M.: INFRA-M, 2015. 131 p. (in Russ.).

10. Kozhevina O. V. State Stakeholder Interests in the evaluation of the effectiveness of the implementation of strategic development programs of on-public companies with state participation [Stejkholderskie interesy gosudarstva pri ocenke jeffektivnosti realizacii programm strategicheskogo razvitija nepublichnyh kompanij s gosudarstvennym uchastiem] // Strategy Business. 2015. № 3. http://www.strategybusiness.ru/index. php/jour/article/view/161/153 (21.09.2015) (in Russ.).

11. The order dated 22.08.2014 № 306 «About of the Methodology for self-assessment of the quality of corporate governance in companies with state participation» [Prikaz Rosimushhestva ot 22.08.2014 № 306 «Ob utverzhdenii Metodiki samoocenki kachestva korporativnogo upravlenija v kompanijah s gosudarstvennym uchastiem]. http://base.consultant.ru/cons/cgi/online. cgi? req=doc; base=LAW; n=168788 (in Russ.).