Analysis of the changes introduced by the new Law of Ukraine “On Joint Stock Companies”.

Abstract

The purpose of the article is dedicated to analyzing the changes introduced by the new Law of Ukraine "On Joint Stock Companies," identifying their causes and consequences. The main focus is on the most relevant innovations that have impacted the functioning and regulation of joint stock companies. The study examines key factors driving these reforms, including the COVID-19 pandemic, Russia's military aggression against Ukraine, economic instability, and the strategic aspiration for European integration. 

The research methods include the analysis of regulatory legal acts, comparative legal analysis, a systematic approach to the study of legislative changes, as well as a logical and legal method for assessing their impact on corporate governance and economic development.

These factors have created significant challenges for joint stock companies, necessitating the adaptation of corporate governance to new conditions while simultaneously opening up opportunities for improving their operations. The article analyzes how the new legislation enhances the flexibility and efficiency of management processes and what prospects it offers for businesses in Ukraine. 

The reform of joint stock companies represents a complex but crucial stage in improving corporate governance. This includes the implementation of new approaches to management structures, interaction with shareholders, and the regulation of corporate relations. However, these reforms are part of a broader effort to harmonize domestic legislation with European standards and stabilize the country's economic situation.

  The results of the study indicate significant changes in the legal regulation of joint-stock companies, in particular, the introduction of a flexible management structure, the expansion of shareholders' rights, the improvement of corporate control mechanisms and the simplification of procedures for issuing shares, which contributes to increasing transparency, efficiency of corporate governance and harmonization with European standards.

Studying these changes highlights not only the work of legislators but also the progress toward European integration and a strong national economy. It provides insights into where attention should be directed to improve business conditions, specifically in enhancing the labor market, reducing the workload on employees of joint stock companies, and strengthening control and transparency.

The conclusions focus on the significant changes introduced by the new Law of Ukraine "On Joint Stock Companies", in particular on the modernization of the management structure, the expansion of shareholders' rights, the improvement of control mechanisms and the simplification of corporate procedures, which contributes to increasing transparency, flexibility and efficiency of corporate governance and Ukraine's integration into the European Economic Area.