SYSTEM OF INDICATORS FOR MANAGEMENT OF PURCHASING ACTIVITY OF THE FUEL AND ENERGY COMPLEX ENTERPRISE

2020 ◽  
Vol 1 (10) ◽  
pp. 69-75
Author(s):  
I. V. BRATKO ◽  
Keyword(s):  
Corporate Governance ◽  
Performance Indicators ◽  
Key Performance Indicators ◽  
Energy Sector ◽  
Strategic Orientation ◽  
Energy Complex ◽  
Production And Consumption ◽  
Energy Companies ◽  
Fuel And Energy Sector

In modern realities, the number of fuel and energy companies managed on corporate principles is increasing every year. Accordingly, we are talking about the transition of state command management of the fuel and energy sector to private, competition-based and corporate governance. The study proposed a system of "balanced key performance indicators procurement", aimed at optimization of performance to meet the principles of the classic system of Kaplan-Norton and focused on the strategic orientation reflects the characteristics of the processes of production and consumption of services of energy companies. It is concluded that in a balanced system, it is necessary to distinguish between indicators that measure the results achieved and indicators that reflect the processes that contribute to the achievement of these results.

scholarly journals Legal Support of Transparency of Activities of Governing Bodies of Companies of the Fuel and Energy Complex

2021 ◽  
Vol 4 ◽  
pp. 93-98
Author(s):  
Mikhail S. Gorshkov ◽  
Keyword(s):  
Corporate Governance ◽  
Russian Federation ◽  
Power Grid ◽  
Energy Sector ◽  
Significant Problem ◽  
Energy Strategy ◽  
State Participation ◽  
The Russian Federation ◽  
Energy Companies ◽  
Fuel And Energy Sector

In accordance with the Energy Strategy of the Russian Federation for the period of up to 2035, the enhancement of corporate governance is classified as a strategic task for the development of the fuel and energy sector. Legal support of corporate governance in companies with state participation in the energy sector, including companies in the power grid complex, is of great importance. The problems related to the legal support of transparency in the activities of the governing bodies of energy companies in the power grid complex are also of particular relevance. A significant problem of transparency of the governing bodies of energy companies, which still exists, is the identification and bringing the final beneficiaries to subsidiary responsibility. Within this work, the author identified the key problems that arise in case of transparency of activities of the governing bodies of companies of the power grid complex. The expediency of bringing the final beneficiaries of these organizations to subsidiary responsibility is justified, and proposals to improve the transparency and efficiency of the governing bodies of organizations of the power grid complex are made.

scholarly journals Development of Key Indicators for Power Supply Companies

2021 ◽  
Vol 9 (SPE3) ◽  
Author(s):  
Anna Tarasova ◽  
Alexandr Karyakin ◽  
Dmitry Zaytsev ◽  
Natalia Prodanova ◽  
Aleksandr Melnikov ◽  
...  
Keyword(s):  
Power Supply ◽  
Performance Indicators ◽  
Critical Role ◽  
Key Performance Indicators ◽  
Energy Sector ◽  
Key Indicators ◽  
Energy Companies ◽  
Large Enterprises

This article is devoted to the synthesis and analysis of a set of key performance indicators (KPI) for energy companies. The authors look at several large enterprises operating in the energy sector of Russia to answer the question: what factors play a critical role in the development of KPI for the power supply companies?

scholarly journals LEGAL SUPPORT OF TRANSPARENCY OF ACTIVITIES OF GOVERNING BODIES OF COMPANIES OF THE FUEL AND ENERGY COMPLEX

2021 ◽  
Vol 4 ◽  
pp. 33-39
Author(s):  
Mikhail S. Gorshkov ◽  
Keyword(s):  
Corporate Governance ◽  
Russian Federation ◽  
Power Grid ◽  
Energy Sector ◽  
Significant Problem ◽  
Energy Strategy ◽  
State Participation ◽  
The Russian Federation ◽  
Energy Companies ◽  
Fuel And Energy Sector

In accordance with the Energy Strategy of the Russian Federation for the period of up to 2035, the enhancement of corporate governance is classified as a strategic task for the development of the fuel and energy sector. Legal support of corporate governance in companies with state participation in the energy sector, including companies in the power grid complex, is of great importance. The problems related to the legal support of transparency in the activities of the governing bodies of energy companies in the power grid complex are also of particular relevance. A significant problem of transparency of the governing bodies of energy companies, which still exists, is the identification and bringing the final beneficiaries to subsidiary responsibility. Within this work, the author identified the key problems that arise in case of transparency of activities of the governing bodies of companies of the power grid complex. The expediency of bringing the final beneficiaries of these organizations to subsidiary responsibility is justified, and proposals to improve the transparency and efficiency of the governing bodies of organizations of the power grid complex are made.

scholarly journals Corporate Governance and Economic Performance: The Limit of Short Termism

2019 ◽  
Vol 3 (4) ◽  
pp. 49-61
Author(s):  
F. D. Tommaso ◽  
A. Gulinelli
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Economic Performance ◽  
Performance Indicators ◽  
Financial Management ◽  
Firm Value ◽  
Key Performance Indicators ◽  
Common Interest ◽  
The Board Of Directors ◽  
The Impact

This article includes exploring arguments and counterarguments in the context of conducting a scientific discussion on the impact of corporate governance on a company’s financial and economic performance. The main purpose of this paper is to determine the nature of the impact of corporate governance policy on the activities of economic entities. The systematization of literary sources and approaches to problem solving has shown that there are two opposing points of view: firm value, efficiency), on the other hand, a number of scientists are convinced that there is a positive influence of the functioning of the corporate governance system on the valuation of listed companies. The work emphasizes the decisive role of the board of directors of the company in the development and adoption of the strategic direction of development of the organization. The author points out in the study the need for coordinated interaction of the board of directors with the financial management of the company and the business owners in order to increase the efficiency and profitability of the business entity. It is stated that the key economic tools for achieving and implementing the strategic plans of the company can be the key performance indicators and accordingly developed measures to achieve such success. As a result, it is justified that corporate governance should not be a set of rules and mechanisms aimed at managing and controlling companies, but rather as a process by which companies become sensitive to stakeholder rights. The spread of corporate culture, according to the author of a work aimed at protecting the common interest, is facilitated by the existence of good rules and effective authorities that control their observance. Keywords: corporate governance, financial and economic activity, board of directors, key performance indicators.

CRIMINOLOGICAL CHARACTERISTICS OF PERSONS COMMITTING CRIMES IN THE FIELD OF THE FUEL AND ENERGY COMPLEX

2021 ◽  
pp. 9-14
Author(s):  
Сергей Иванович Вележев
Keyword(s):  
Energy Sector ◽  
Criminal Cases ◽  
Law Enforcement Agencies ◽  
Energy Complex ◽  
Significant Damage ◽  
Main Motive ◽  
Illegal Activities ◽  
And Gender ◽  
High Level ◽  
Fuel And Energy Sector

В представленной статье автором рассматриваются вопросы, связанные с криминологической характеристикой лиц, совершающих преступные действия на объектах топливно-энергетического комплекса России (на примере Самарской области), приводятся результаты проведенного исследования криминологических характеристик лиц, наделенных административно-хозяйственными и организационно-управленческие функциями на предприятиях топливно-энергетического комплекса, совершивших преступления коррупционного характера. Определен круг преступлений, которые могут совершаться в сфере топливно-энергетического комплекса (далее - ТЭК) и отнесение их по группам в зависимости от объекта и предмета преступного посягательства. Исходя из анализа основных категорий преступлений, совершаемых в указанной выше отрасли экономики, их многогранности выделяются основные типы преступников, осуществляющих противоправную деятельность, в результате которой причиняется значительный ущерб нормальному функционированию предприятий топливно-энергетического комплекса. Составлен криминологический портрет возможного преступника для данной категории преступлений; проанализированы его основные характеристики: высокий уровень компетентности с точки зрения выполнения им своих должностных обязанностей; специальное образование, возрастные и гендерные характеристики и т. д. Особый интерес представляет приведенная криминологическая характеристика преступников в сфере ТЭК по признаку принадлежности к профессиональному преступному миру, а также по видам рецидива. Основной мотив совершения преступления в сфере ТЭК - корыстный, формируемый под воздействием завышенных материальных потребностей. Результаты исследования показаны на примере конкретных уголовных дел, возбужденных следственными органами на основе результатов оперативно-розыскной деятельности правоохранительных органов. In the article the author examines the issues related to the criminological characteristics of persons committing criminal acts at the facilities of the fuel and energy complex of Russia (on the example of Samara region), the results of the study of some criminological characteristics of officials of the enterprises of the fuel and energy complex who committed corruption crimes are presented. The circle of crimes that can be committed in the sphere of the fuel and energy complex and their classification into groups depending on the object and subject of criminal infringement is defined. Based on the analysis of the main categories of crimes committed in the above-mentioned branch of the economy, their versatility, the main types of criminals who carry out illegal activities as a result of which significant damage is caused to the normal functioning of enterprises of the fuel and energy complex. A typical criminal model for this category of crimes and its characteristics are determined, and first of all it is a high level of competence, special education, age and gender characteristics are shown, etc. Of particular interest is the given criminological characteristics of criminals in the fuel and energy sector on the basis of belonging to the professional criminal world, as well as types of recidivism. The main motive for committing a crime in the fuel and energy sector is selfish, formed under the influence of inflated material needs. The results of the study are shown by the example of specific criminal cases initiated by investigative authorities based on the results of operational investigative activities of law enforcement agencies.

scholarly journals Cost of Equity Estimation in Fuel and Energy Sector Companies Based on CAPM

2018 ◽  
Vol 35 ◽  
pp. 01008 ◽  
Author(s):  
Diana Kozieł ◽  
Stanisław Pawłowski ◽  
Arkadiusz Kustra
Keyword(s):  
Sensitivity Analysis ◽  
Stock Exchange ◽  
Energy Sector ◽  
Capital Asset Pricing ◽  
Cost Of Equity ◽  
Financing Structure ◽  
Warsaw Stock Exchange ◽  
Energy Companies ◽  
Exchange Data ◽  
Fuel And Energy Sector

The article presents cost of equity estimation of capital groups from the fuel and energy sector, listed at the Warsaw Stock Exchange, based on the Capital Asset Pricing Model (CAPM). The objective of the article was to perform a valuation of equity with the application of CAPM, based on actual financial data and stock exchange data and to carry out a sensitivity analysis of such cost, depending on the financing structure of the entity. The objective of the article formulated in this manner has determined its’ structure. It focuses on presentation of substantive analyses related to the core of equity and methods of estimating its’ costs, with special attention given to the CAPM. In the practical section, estimation of cost was performed according to the CAPM methodology, based on the example of leading fuel and energy companies, such as Tauron GE and PGE. Simultaneously, sensitivity analysis of such cost was performed depending on the structure of financing the company’s operation.

Alternative Key performance indicators: Green Reits and Corporate Governance

2018 ◽  
Author(s):  
Paola Amoruso ◽  
Alessandra Caragnano ◽  
Massimo Mariani ◽  
Marianna Zito
Keyword(s):  
Corporate Governance ◽  
Performance Indicators ◽  
Key Performance Indicators

scholarly journals Development of Corporate Governance Performance Indicators for Czech Manufacturing Companies

2015 ◽  
Vol 6 (1) ◽  
pp. 57-72 ◽  
Author(s):  
Marie Pavláková Docekalová ◽  
Alena Kocmanová ◽  
Jirí Kolenák
Keyword(s):  
Corporate Governance ◽  
Performance Indicators ◽  
Codes Of Conduct ◽  
Key Performance Indicators ◽  
Manufacturing Companies ◽  
Strategic Objectives ◽  
Two Factors ◽  
Key Indicators ◽  
The Relationship

Abstract Effective corporate governance is a key element in achieving long-term success for any company. The codes of conduct that corporate governance adopts directly determine the sustainability of business activities. With this in mind, this paper aims to demonstrate the results of research that identifies a set of key indicators of corporate governance performance. The presented research is quantitative. In order to identify key performance indicators, factor analysis was employed. It was found that corporate governance performance is influenced by two factors. For the first factor, the relationship between corporate governance and stakeholders is measured by key indicators: percentage of women within CG, contributions to political parties, politicians and related institutions and number of complaints received from stakeholders. The second factor, strategy & compliance, is generated from the following: percentage of strategic objectives met and total number of sanctions for breaching the law. This research aims to assist both academic and corporate practitioners who want to improve corporate governance performance and, through the use of key performance indicators, support the transparency and sustainability of their business.

Sign in / Sign up

Export Citation Format

Share Document