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