The objective of this article is the identification of key factors facilitating or impeding the process of the development and professionalization of supervisory structures in the form of a board of directors / supervisory board in family businesses operating outside the sphere of influence of capital markets. The analysis of the evolution of change shall also concentrate on factors such as: – Factors / events, which initiate, as well as slow, the commencement of the process of professionalization of the board of directors in family companies uninfluenced by capital markets, – Analysis of a process of invitation to the board independent members – Evolution of the role and tasks of the board (control, advisory, resource), – Results of board activities (including identification of the role of the board in the process of succession—one of the most important challenges facing the family business—and its involvement in the implementation of strategic planning in the company). Authors: Izabela Koładkiewicz Title: BOARD OF DIRECTORS/SUPERVISORY BOARD IN FAMILY BUSINESS. FACTORS, WHICH DETERMINED THE BOARD PRESENCE AND THE PROCESS OF ITS PROFESSIONALIZATION (Rada dyrektorów/rada nadzorcza w firmie rodzinnej. Czynniki warunkujące jej powstanie i proces jej profesjonalizacji) Source: Prace i Materiały Wydziału Zarządzania Uniwersytetu Gdańskiego (The Papers and Reports of the Faculty of Management of Gdansk University) year: 2011, vol:.2, number: 1, pages: 259-276 Keywords: BOARD OF DIRECTORS, SUPERVISORY BOARD, FAMILY BUSINESS Discipline: ECONOMICS (Business & Management) Language: POLISH Document type: ARTICLE Publication order reference (Primary author’s office address): Izabela Koładkiewicz Dr, adiunkt, Centrum Studiów Zarządzania, Akademia Leona Koźmińskiego E-mail: izabela@alk.edu.pl www: http://pim.wzr.ug.edu.pl/pim/?htm=2011_2_1_19.htm Abstract The objective of this article is the identification of key factors facilitating or impeding the process of the development and professionalization of supervisory structures in the form of a board of directors / supervisory board in family businesses operating outside the sphere of influence of capital markets. The analysis of the evolution of change shall also concentrate on factors such as: – Factors / events, which initiate, as well as slow, the commencement of the process of professionalization of the board of directors in family companies uninfluenced by capital markets, – Analysis of a process of invitation to the board independent members – Evolution of the role and tasks of the board (control, advisory, resource), – Results of board activities (including identification of the role of the board in the process of succession—one of the most important challenges facing the family business—and its involvement in the implementation of strategic planning in the company). Authors: Izabela Koładkiewicz Title: BOARD OF DIRECTORS/SUPERVISORY BOARD IN FAMILY BUSINESS. FACTORS, WHICH DETERMINED THE BOARD PRESENCE AND THE PROCESS OF ITS PROFESSIONALIZATION (Rada dyrektorów/rada nadzorcza w firmie rodzinnej. Czynniki warunkujące jej powstanie i proces jej profesjonalizacji) Source: Prace i Materiały Wydziału Zarządzania Uniwersytetu Gdańskiego (The Papers and Reports of the Faculty of Management of Gdansk University) year: 2011, vol:.2, number: 1, pages: 259-276 Keywords: BOARD OF DIRECTORS, SUPERVISORY BOARD, FAMILY BUSINESS Discipline: ECONOMICS (Business & Management) Language: POLISH Document type: ARTICLE Publication order reference (Primary author’s office address): Izabela Koładkiewicz Dr, adiunkt, Centrum Studiów Zarządzania, Akademia Leona Koźmińskiego E-mail: izabela@alk.edu.pl www: http://pim.wzr.ug.edu.pl/pim/?htm=2011_2_1_19.htm Abstract The objective of this article is the identification of key factors facilitating or impeding the process of the development and professionalization of supervisory structures in the form of a board of directors / supervisory board in family businesses operating outside the sphere of influence of capital markets. The analysis of the evolution of change shall also concentrate on factors such as: – Factors / events, which initiate, as well as slow, the commencement of the process of professionalization of the board of directors in family companies uninfluenced by capital markets, – Analysis of a process of invitation to the board independent members – Evolution of the role and tasks of the board (control, advisory, resource), – Results of board activities (including identification of the role of the board in the process of succession—one of the most important challenges facing the family business—and its involvement in the implementation of strategic planning in the company). Authors: Izabela Koładkiewicz Title: BOARD OF DIRECTORS/SUPERVISORY BOARD IN FAMILY BUSINESS. FACTORS, WHICH DETERMINED THE BOARD PRESENCE AND THE PROCESS OF ITS PROFESSIONALIZATION (Rada dyrektorów/rada nadzorcza w firmie rodzinnej. Czynniki warunkujące jej powstanie i proces jej profesjonalizacji) Source: Prace i Materiały Wydziału Zarządzania Uniwersytetu Gdańskiego (The Papers and Reports of the Faculty of Management of Gdansk University) year: 2011, vol:.2, number: 1, pages: 259-276 Keywords: BOARD OF DIRECTORS, SUPERVISORY BOARD, FAMILY BUSINESS Discipline: ECONOMICS (Business & Management) Language: POLISH Document type: ARTICLE Publication order reference (Primary author’s office address): Izabela Koładkiewicz Dr, adiunkt, Centrum Studiów Zarządzania, Akademia Leona Koźmińskiego E-mail: izabela@alk.edu.pl www: http://pim.wzr.ug.edu.pl/pim/?htm=2011_2_1_19.htm Abstract The objective of this article is the identification of key factors facilitating or impeding the process of the development and professionalization of supervisory structures in the form of a board of directors / supervisory board in family businesses operating outside the sphere of influence of capital markets. The analysis of the evolution of change shall also concentrate on factors such as: – Factors / events, which initiate, as well as slow, the commencement of the process of professionalization of the board of directors in family companies uninfluenced by capital markets, – Analysis of a process of invitation to the board independent members – Evolution of the role and tasks of the board (control, advisory, resource), – Results of board activities (including identification of the role of the board in the process of succession—one of the most important challenges facing the family business—and its involvement in the implementation of strategic planning in the company). Authors: Izabela Koładkiewicz Title: BOARD OF DIRECTORS/SUPERVISORY BOARD IN FAMILY BUSINESS. FACTORS, WHICH DETERMINED THE BOARD PRESENCE AND THE PROCESS OF ITS PROFESSIONALIZATION (Rada dyrektorów/rada nadzorcza w firmie rodzinnej. Czynniki warunkujące jej powstanie i proces jej profesjonalizacji) Source: Prace i Materiały Wydziału Zarządzania Uniwersytetu Gdańskiego (The Papers and Reports of the Faculty of Management of Gdansk University) year: 2011, vol:.2, number: 1, pages: 259-276 Keywords: BOARD OF DIRECTORS, SUPERVISORY BOARD, FAMILY BUSINESS Discipline: ECONOMICS (Business & Management) Language: POLISH Document type: ARTICLE Publication order reference (Primary author’s office address): Izabela Koładkiewicz Dr, adiunkt, Centrum Studiów Zarządzania, Akademia Leona Koźmińskiego E-mail: izabela@alk.edu.pl www: http://pim.wzr.ug.edu.pl/pim/?htm=2011_2_1_19.htm Abstract The objective of this article is the identification of key factors facilitating or impeding the process of the development and professionalization of supervisory structures in the form of a board of directors / supervisory board in family businesses operating outside the sphere of influence of capital markets. The analysis of the evolution of change shall also concentrate on factors such as: – Factors / events, which initiate, as well as slow, the commencement of the process of professionalization of the board of directors in family companies uninfluenced by capital markets, – Analysis of a process of invitation to the board independent members – Evolution of the role and tasks of the board (control, advisory, resource), – Results of board activities (including identification of the role of the board in the process of succession—one of the most important challenges facing the family business—and its involvement in the implementation of strategic planning in the company).
The increasing importance of corporate governance is a global trend due to the crisis events and obvious corporate needs’ of external financing. The paper explores the problems of the corporate governance system in Ukraine, which could act as the barriers for the investments, and potential ways to overcome them. The most important characteristics of corporate governance for the investors’ decision-making are discussed. The paper also analyses the compliance of the Ukrainian practices of corporate governance mechanisms with the global ones, which increase investors’ confidence and desire to pay a premium for the better-governed companies. The importance of a proper Ukrainian corporate governance system as the key aspect for the potential investors’ decisions is explained.
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