BRITISH CONCEPT OF CORPORATE GOVERNANCE: SOCIOLOGICAL ANALYSIS

The relevance of this research is determined by the importance of effective corporate governance for the company's activities in modern conditions. The paper introduces the overview of the economic situation in modern Britain, as well as the features of the structure and functioning of British business and examines the influence of such external factors as the current legislation on the policy of British corporations. There is a link between the value system that has been established over a long historical period in British society and the value system that exists at the level of a separate Corporation. The General mechanism of management is considered, which is supplemented by the study of the functions of its individual participants. The statuses and associated roles performed by shareholders and representatives of the company's top management are compared. The structure of the Board of Directors is analyzed. The paper reveals the principles of managerial decision-making, the degree of participation of ordinary employees in this process, as well as the personality traits of an exemplary Manager and describes the rules and traditions of social interaction in the organization, as well as the influence of the hierarchical structure of British society on the formation of a system of statuses and roles in the Corporation. The issues related to the problems of improving labor productivity, personnel policy, training of managers, as well as the degree of openness to innovation are discussed. The aim of the research is to define and characterize corporate governance performance indicators based on the example of the British concept. Methods: sociological analysis, comparison, generalization and systematization based on the theories of M. Weber and E. Mayo. The results consist in revealing the characteristic features of the corporate management in modern socio-economic conditions, determining the factors that influence the formation of management decisions, as well as the importance of studying the British concept of corporate management. As a conclusion, it is noted that the British concept of corporate governance largely corresponds to the principles set out in the framework of the bureaucratic theory of M. Weber and the doctrine of «human relations» of E. Mayo.