FEATURES OF CORPORATE GOVERNANCE IMPLEMENTATION IN MARTIAL ARTS CONDITIONS

Abstract

The purpose of the scientific article is to conduct a comprehensive study to establish the content of corporate rights and the specific features of corporate governance under the conditions of Ukraine’s European integration during martial law. It has been determined that, in accordance with international practice, corporate rights for a business entity arise upon its state registration, i.e., the inclusion of information in the relevant state register. Similarly, the termination of corporate rights occurs when the register reflects the cessation of the entity’s activity.The grounds for terminating a business entity—and, accordingly, its corporate rights—may include the death of an individual entrepreneur, the achievement of the functional goal for which an enterprise association was created, the recognition of the entity as bankrupt, the adoption of a regulatory act aimed at liquidating the legal entity, and other grounds. Additionally, the grounds for liquidating a business entity may stem from voluntary decisions or external factors.The study concludes that when a decision is made to liquidate a company, a procedure must be followed to satisfy creditor claims and terminate the corporate rights of the company’s participants. It is recognized that the exercise of corporate rights during martial law requires certain adjustments and amendments to the existing regulatory framework.Among the most significant legislative innovations in this area is the introduction of provisions allowing remote participation in general meetings of business associations. These provisions permit participants to submit ballots electronically via Ukraine’s depository system. A key focus is on the accelerated development of digitalization during martial law, impacting both societal relations in general and the exercise of corporate rights in particular.One of the primary features of exercising corporate rights during martial law is the restriction on management rights. The emphasis is placed on prioritizing the safety of participants in business associations, implementing mechanisms to preserve and restore company assets, and addressing workforce challenges to meet the needs of production and regional recovery.