Corporate agreement as an element of the corporate governance system

UDC 346.27
DOI: 10.36871/u.i.k.2025.05.01.007

Authors

Igor R. Rassokhov,
Kutafin Moscow State Law University, Moscow, Russia

Abstract

The article examines the importance of a corporate agreement in the corporate governance system, its functions, possible risks and practical aspects of its application, based on the regulatory legal acts of the Russian Federation. Special attention is paid to the role of the corporate agreement in stabilizing governance, protecting minority shareholders and preventing corporate conflicts.
The author emphasizes that the corporate agreement, unlike the articles of association, has flexibility and confidentiality, which makes it an effective tool for regulating internal relations in business entities. The article also highlights the limitations of the application of corporate contracts and offers recommendations on how to draft the text of the document. The article concludes that it is necessary to study in detail the conditions and take into account the dynamics of business in order to increase the effectiveness of this legal institution.

Keywords

shareholder, joint-stock company, corporate agreement, minority shareholder, management, charter, participant