The economic nature and features of the organization of holdings in the Republic of Belarus
The article analyzes the features of the organization of holdings in the Republic of Belarus. The introduction identifies the need to study problems related to the disclosure of the essential content of holdings and the features of their functioning within the framework of the current legislation of the Republic of Belarus. The purpose of this article is to show the features of the corporate management system in holdings of the Republic of Belarus, which is primarily associated with the introduction of state regulation of holdings’ activities, as well as to identify areas for improving corporate governance in Belarusian holdings. In the main part, the economic essence of the holding is disclosed through the principles of its functioning through the systematization of research related to the theoretical and methodological aspects of the evaluation of the mechanism of the holdings’ activity. The functioning of the holding is determined by its organizational structure, in which a certain dependence between the companies is clearly formed, and the holding structure is managed centrally. It has been proven that the creation and management of a diversified holding company expresses a high level of development of corporate governance. Special attention is paid to the consideration of the advantages of operating holding organizational structures. The analysis of the problems of interaction between the management company and organizations of the holding is made. The boundaries of control and the level of intervention of the parent company in the activities of subsidiaries are defined. The essence of the management system is revealed through the representatives of the management company in the management bodies of the holding organizations. The obtained results and their novelty consist in developing proposals for improving the corporate governance system in Belarusian holdings. The results of the research can be used in practical activities to substantiate management decisions in order to achieve stable and productive economic results of their activities.