THEORETICAL ASPECTS OF THE RELATIONSHIP BETWEEN CORPORATE GOVERNANCE IN COMMERCIAL BANKS AND INTERNATIONAL PRINCIPLES
Keywords:
corporate governance, international principles, commercial banks, theoretical framework, management system, stakeholders.Abstract
This article is devoted to the study of the theoretical foundations and the relationship between corporate governance in commercial banks and international principles. The scientific foundations of corporate governance, its impact on financial stability, and the need to apply the principles developed by the OECD, Basel Committee, and IFC to the activities of banks are analyzed.
References
OECD. (2015). G20/OECD Principles of Corporate Governance. https://www.oecd.org/corporate
Basel Committee. (2015). Corporate Governance Principles for Banks. Bank for International Settlements.
IFC. (2021). Corporate Governance Methodology. International Finance Corporation.
Jensen, M., & Meckling, W. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics.
Donaldson, L., & Davis, J. (1991). Stewardship Theory or Agency Theory. Australian Journal of Management.
Freeman, R.E. (1984). Strategic Management: A Stakeholder Approach. Pitman.
Qodirov, N. (2022). “Bank sektorida boshqaruvning nazariy tamoyillari”. Moliyaviy tadqiqotlar jurnali.
