voprecotestВопросы экономикиVoprosy Ekonomiki0042-8736Voprosy Ekonomiki, NP10.32609/0042-8736-2006-3-86-103voprecotest-1716Research ArticleГОСУДАРСТВЕННЫЙ КОНТРОЛЬ И КОРПОРАТИВНОЕ УПРАВЛЕНИЕSTATE CONTROL AND CORPORATE GOVERNANCEКорпоративное управление и эффективность деятельности компании (на примере ОАО «Газпром»)Corporate Governance and the Efficiency of Company’s Operation: The Case of GazpromКлейнерВ.KleinerV.

кандидат экономических наук, старший научный сотрудник

 

Центральный экономико-математический институт РАНРоссияCentral Economics and Mathematics Institute of the Russian Academy of SciencesRussian Federation2006200320060386103Copyright © Voprosy Ekonomiki, NP, 20062006Voprosy Ekonomiki, NPVoprosy Ekonomiki, NPhttps://www.vopreco.ru/jour/about/submissions#copyrightNoticehttps://www.vopreco.ru/jour/article/view/1716

В статье рассматривается эффективность работы ОАО «Газпром» с точки зрения его акционеров. Особое внимание уделяется анализу затрат как при текущих операциях компании, так и при осуществлении капитальных вложений, сопоставляются относительные показатели эффективности деятельности компании и ее зарубежных конкурентов. На основе исследования влияния Совета директоров «Газпрома» на эффективность его работы даются практические рекомендации, направленные на улучшение взаимоотношений в рамках треугольника «акционеры - Совет директоров - менеджмент» и усиление контроля за деятельностью компании со стороны ее акционеров.

The article addresses the problem of efficiency of Gazprom from the shareholders standpoint. Special attention is paid to Gazprom cost structures both on the operational side and as a part of its capital expenditures. Comparative analysis of Gazprom vs its interantional peers adds more colors to the evaluation of cost efficiency. Different behavioural patterns of previous and current Gazprom management are outlined. Basing on the investigation of Gazprom Board of Directors influence on its efficiency the article provides practical reccomendations aimed at improving relationships in the triangle "shareholders - Board of Directors - management".

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The authors declare that there are no conflicts of interest present.