MODELS OF CORPORATE GOVERNANCE IN GLOBAL PRACTICE
Keywords:
Corporate governance, stakeholder model, Anglo-American model, Continental model, Japanese model, insider vs outsider systems, Uzbekistan, shareholder rights, managerial control, innovation economy.Abstract
This article examines the main models of corporate governance practiced around the world, including the Anglo-American (outsider), Continental (insider), and Japanese models, with an emphasis on their institutional features, stakeholder involvement, and mechanisms of managerial control. The analysis highlights how each model reflects the socio-economic, legal, and cultural specificities of its respective region. Additionally, the paper explores the hybrid model implemented in Uzbekistan, identifying its challenges and potential in fostering innovation, investment attraction, and corporate development. The study concludes with a call for aligning Uzbekistan’s corporate governance practices with international standards to support economic modernization.
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