IMPACT OF INTERNATIONAL CORPORATE GOVERNANCE STANDARDS ON PPP PRACTICE IN CIS COUNTRIES
DOI:
https://doi.org/10.55640/Keywords:
Corporate governance, Public-Private Partnership, CIS countries, Corporate law, International standards, Transparency, Investor protectionAbstract
The thesis analyses the impact of international corporate governance standards on legal and practical implications of public-private partnerships (PPPs) in the Commonwealth of Independent States (CIS) countries. Based on a scientific method, the coordinate system of CIS corporate and PPP laws with the global governance principles, including the G20/OECD Principles of Corporate Governance and associated best practices, is examined. The research concludes that the implementation of global accepted standards of corporate governance, which feature greater transparency, accountability and investor protections, influences PPP structures in CIS states positively. These standards have been used to inform legislative reforms (e.g. model PPP laws), and corporate law enhancements that enhance investor confidence, equitable risk-sharing, and the rule of law in PPP projects. Nevertheless, the study also provides the implementation challenges which include enforcement gaps and international norms that should be adjusted to fit in the local legal contexts.
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