ANALYSIS OF SUSTAINABLE DEVELOPMENT GOALS IN THE CONTEXT OF IMPLEMENTATION OF INTERNATIONAL CORPORATE MODELS

Abstract

The purpose of the article is to analyze international corporate models in relation to the goals of sustainable development and to provide recommendations on the choice of the Ukrainian model in relation to the specified goals. It has been established that the differences between these systems can be seen in their target focuses. The Anglo-American model is focused on the stock market. In the German model, which is sometimes called as the continental model or the European model, the main management procedures are carried out by two formalized groups: the supervisory board and the executive board. The Japanese model is the most concentrated and rigid, while the Anglo-American model is the most dispersed and flexible. The Anglo-American model, is also known as the Anglo-Saxon model, was found to have been shaped by the more individualistic business societies in Great Britain and the United States of America. This model is represented by such corporate bodies as the board of directors and shareholders as controlling management bodies. Managers and leaders in the process of organizing management have secondary powers. In the German model, which is sometimes called as the continental model or the European model, the main management procedures are carried out by two formalized groups: the supervisory board and the executive board. The Executive Board is responsible for the quality of decisions in the field of property management. The supervisory board controls the executive board. The supervisory board is elected by employees and shareholders. State administration bodies, national interests have a significant influence in the continental management model. Considerable attention is paid to the corporation's responsibility to society and the state. In the continental model, banks also play a large role in the financial plan and in decision-making in the process of the corporation's activities. The Japanese model stands out from the first two. This management model is formed in the light of two dominant legal relationships: one - between shareholders, customers, suppliers, creditors and trade unions; the other is between administrators, managers and shareholders. There is a sense of shared responsibility and balance in the Japanese model. In practice, this balance takes the form of a conservative position and mistrust of management innovations and new business relationships in favor of old ones. The article concludes that, the German model is the most favorable for Ukraine, thanks to closer relations and geographical proximity. Therefore, we need to implement many characteristic positions in the corporate activities of the production, financial, and commercial sectors of our country.