Specificities of Corporate Governance in Small Business Enterprises of Uzbekistan
Abstract
It is commonly known that the corporate governance is a way of management which is intrinsic to the large corporate structures. Today, in Uzbekistan such corporate structures mainly function in the form of joint-stock companies, limited liability companies, additional liability companies, general partnerships, limited partnership where there introduced a governance practice on the basis of corporate governance principles. This paper theoretically investigates the concept of corporate governance in SMEs, and studies the specificities of corporate governance practice in small business enterprises of Uzbekistan. At the end of this paper, the author makes conclusion and gives some recommendations on further improvement of activity of small business enterprises to function as a “corporate” type business entity. Keywords: Corporate Governance, SME, Small Business Enterprises, Limited Liability Company, Additional Liability Company, General Partnership, Limited Partnership, Family Enterprise