The Role of the Board of Directors of a Public Joint Stock Company in Antitrust Risk Management

The board of directors, as a strategic management body, exercising general management of the corporation’s activities and monitoring the activities of executive bodies, is responsible for its dishonest and unreasonable actions, including if its actions or inactions did not correspond to the usual conditions of civil turnover or normal business risk. Therefore, it is not surprising that the legislation gives the Board of Directors of a public joint stock company the authority to create an effective risk management system. How do his powers and responsibilities in this area relate to the powers and responsibilities of the executive bodies of the company? This issue is especially important due to the active encouragement of entrepreneurs by the state to apply a risk-based approach in their activities.