The Corporate Governance in Uzbekistan: A Special Focus on the Board's Supervisory Role Compared with German Practice

Abstract

Today, the topic of corporate governance has become vital for the most researches and scientific controversies. The corporate governance is now playing a key role in economic and social development of a country, and it has began to significantly matter for both industrialized and most of the developing countries. In the meantime, little is known for the world community about the state and problems of corporate governance in Uzbekistan. In this regard, in this paper we mainly address the present situation in Uzbek corporate governance as well as, as a special focus, make comparison of the Uzbek and German board’s supervisory role practices. This paper may be interesting for those who are not aware of the corporate governance in Uzbekistan and who would like to more or less know about it.