CORPORATE GOVERNANCE: INTERPLAY OF ECONOMIC INTERESTS AND LEGAL RESPONSIBILITY

Modern corporate governance lies at the intersection of economic incentives and legal responsibility, ensuring a balance of interests among shareholders, management, creditors, and society. This article aims to provide a comprehensive analysis of corporate governance as a mechanism for aligning economic objectives with legal obligations. It explores the economic nature of corporate relationships through the lens of agency theory and business sustainability. The legal foundations of fiduciary duties are examined, including civil, administrative, and criminal liability. Particular attention is given to the analysis of conflicts of interest among corporate actors and the legal instruments for their resolution, such as compliance procedures, minority shareholder protection, and judicial practice. The article concludes with recommendations for improving the corporate governance system in Russia, taking into account international experience and emerging ESG standards.