Relationship between Participation and Governance in the System of Corporate Relations

The relevance of the research topic is determined by the changes in the provisions of Art. 2 of the Civil Code of the Russian Federation stating that the subject of civil law regulation includes relations involving participation in corporate organizations or their governance (corporate relations). The paper is devoted to the study of the legal nature of the relations of participation in a corporate organization and its management, determining the place of these relations in the system of corporate relations. The authors conclude that the relationship between participation and governance are organizational and prerequisite relations, they are of a general regulatory nature. The content of these legal relations is a special corporate legal personality as a subjective right and the opposing obligation of other persons to recognize the authorized person as a participant in corporate relations, to take into account the special connection between the corporation and the participant. General regulatory relations of participation and governance are a prerequisite for the emergence of specific corporate relations, and determine their content and development dynamics.

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