Z. Shershnyova, PhD in Economics, Professor Kyiv National Economic University named after Vadym Hetman, Kyiv, Ukraine, S. Khimenko, PhD in Economics Metinvest Holding, Kryvyi Rih, Ukraine CONFLICTS OF INTEREST’S MANAGEMENT IN CORPORATION: GNOSEOLOGICAL ASPECT

The article is devoted to analysis the nature and peculiarities of stakeholder’s conflicts of interests in corporations. it is mentioned that corporation is a system that continuously interacts with stakeholders which include a wide range of subjects interested in the company. The model of corporation functioning’ environment as the environment of interests is developed. The corporation is considered to be a system that continuously interacts with subjects of interest’ environment namely stakeholders which include a wide range of subjects interested in the company’ activity. The objectives of stakeholders entering into a relationship with the corporation are revealed. The key groups of stakeholders in corporation are determined. The main cause of interests’ conflict in the corporation is outlined as the opposite of the general and private interests. And the bearer of general interest is the corporation and of private are individual stakeholders. The model of Accountability Scorecard decision is proposed for making decision about classification of certain persons to corporation’ stakeholders. The various feasibility of stakeholders interests in the countries with transition economies are determined. The specific principles of conflicts’ interests’ management are outlined.

Keywords: corporation; conflict of interests; stakeholders; stakeholders’ interests; conflicts of interests’ management.

Date of submission 26.05.16

DOI: http://dx.doi.org/10.17721/1728-2667.2016/184-7/6

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