Impact of corporate governance on overall performances of Central Asia companies

Impact of corporate governance on overall performances of Central Asia companies Nowadays, corporate governance has become a hot topic for most researchers. Corporate governance currently plays a key role in the economic development of the country. In this regard, this thesis mainly considers the concept of corporate governance and its application, as well as its development and impact on the totality of companies in Central Asia. This paper also briefly discusses the concept of corporate governance and the importance of applying the principles of corporate governance in the activities of companies. This overview of the key definitions is followed by the necessary regulations that have been put in place to improve corporate governance practices in Central Asia. The study also mentions important steps taken to develop corporate governance principles and discusses corporate governance legislation in detail. In addition, the application of corporate governance principles in developed countries, including the United States, Germany, the United Kingdom, and the European Union, is considered. In particular, the key elements of corporate governance structure have been discussed using mainly developed countries in Europe, the US and the UK as examples and related to the principles of developing countries such as Central Asia. In this context, a series of steps to develop corporate governance principles considering various regulations were discussed. Nowadays in Central Asia, financial management in corporate structures is an effective organization of the system that serves to promote the material well-being of the owners by leveling up the financial stability of the economic unit and in addition, the financial stability of corporate structures, in turn, is the financial system of the country's stability and the population's material well-being. Simultaneously, in developing countries as most in Central Asia, particularly in Uzbekistan, competent financial management systems are organized in corporate structures, and special emphasis is dedicated to development. Because Uzbekistan is still full of extensive promotion of this underdeveloped sector of the economy, the role of corporate structures in the development of the country's economy, and there is still a lot of work and flaws to be done to raise its relevance. As a deduction, as well as the ways for making effective use of this style of organizations management and the structure in the future corporate governance in developed countries economies, must be thoroughly examined.