THE INSTITUTIONAL ROLE OF THE CORPORATE GOVERNANCE SYSTEM IN MINIMIZING CORRUPTION RISKS IN BUSINESS ENTITIES WITH STATE PARTICIPATION
DOI:
https://doi.org/10.60078/2992-877X-2025-vol3-iss10-pp209-214Abstract
This article analyzes the institutional aspects of corporate governance systems in mitigating corruption risks in state-owned enterprises. Based on international experience including OECD principles, ESG indicators, and best practices from developed countries the study examines the independence of supervisory boards, the effectiveness of internal and external audit mechanisms, the level of transparency, and conflict-of-interest management frameworks. Through a combination of systematic analysis, comparative methods, and empirical approaches, the research evaluates governance practices in major state-involved companies in Uzbekistan and proposes specific recommendations for their improvement.
Keywords:
state-owned enterprises corporate governance corruption risks conflict of interest institutional mechanismsReferences
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