Unintended Benefits of Empowering Boards in Conglomerates: A Case Study of AFK Sistema

Tatiana Dolgopyatova; Alexander Libman; Andrei Yakovlev

doi:10.5771/0949-6181-2018-2-177

Contents
- Chapter Expand | CollapseAuthorsPage
- 173–174 Titelei/Inhaltsverzeichnis 173–174
- 175–176 Editorial 175–176
- 177–344 Articles 177–344
  - 177–202 Unintended Benefits of Empowering Boards in Conglomerates: A Case Study of AFK Sistema Tatiana Dolgopyatova, Alexander Libman, Andrei Yakovlev Tatiana Dolgopyatova, Alexander Libman, Andrei Yakovlev 177–202
  - 203–233 HR Strength as a Mediator or a Moderator in the Relationship between HR Practices and Organizational Innovation? The Romanian Study Edna Rabenu, Aharon Tziner, Lior Oren, Gil Sharoni, Cristinel Vasiliu Edna Rabenu, Aharon Tziner, Lior Oren, Gil Sharoni, Cristinel Vasiliu 203–233
  - 234–254 How Do Managers and Entrepreneurs Describe Themselves? A Comparative Investigation in Turkey Sumeyra Alpaslan Danisman Sumeyra Alpaslan Danisman 234–254
  - 255–276 Business ethics in subsidiaries of multinational companies in countries in the post-transition economic phase using the example of the Czech Republic Petr Pirozek, Lenka Komarkova, Alena Safrova Drasilova Petr Pirozek, Lenka Komarkova, Alena Safrova Drasilova 255–276
  - 277–294 Verbalization of the psychological contract in Polish enterprises Anna Rogozińska-Pawełczyk Anna Rogozińska-Pawełczyk 277–294
  - 295–322 Employee Perceptions of Organizational Culture’s influence on their Attitudes and Behaviour Robert J. Ristino, Joanna Małgorzata Michalak Robert J. Ristino, Joanna Małgorzata Michalak 295–322
  - 323–344 Changing HRM practices in Croatia: Demystifying the impact of the HRM philosophy, the global financial crisis and the EU membership Nina Pološki Vokić, Maja Klindžić, Tomislav Hernaus Nina Pološki Vokić, Maja Klindžić, Tomislav Hernaus 323–344
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JEEMS Journal of East European Management Studies , page 177 - 202

Unintended Benefits of Empowering Boards in Conglomerates: A Case Study of AFK Sistema

Autoren

Tatiana Dolgopyatova Alexander Libman Andrei Yakovlev

DOI
- doi.org/10.5771/0949-6181-2018-2-177
- ISSN: 0949-6181
- ISSN online: 1862-0019
Abstract

The paper investigates the role of corporate governance institutions at the subsidiary level in conglomerates in emerging markets. The literature typically highlights that these institutions are necessary to reassure minority shareholders and thus to attract investors. We show that corporate governance institutions, particularly supervisory boards, can be applied for a different purpose - to organize communication within a group and thus to improve the quality of strategy formulation. Thus, a conglomerate can empower its subsidiary boards even if there is no immediate IPO goal for them. The paper uses a case study of a large Russian business group, AFK Sistema, to explore this mechanism, its advantages and its limitations.
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