NIKOLAEV VIKTOR A.

In the article the authors validate a comprehensive cross-disciplinary approach to the study of management control systems in corporations with state participation through the planning, operational controlling and risk management. According to the authors, improving the processes of internal corporate governance will allow to minimize transaction costs and risks in the activities of corporations with state participation and enhance its positive impact on economic growth. The purpose of the corporate governance system is to provide shareholders with the opportunity to effectively control and audit the management and thereby contribute to the growth of the company's capitalization. It is proved that such a system involves the formation of targets (control indicators), missions, strategies, and controlling, in turn, identifies deviations, offers various measures to eliminate problematic and critical situations. Risk management is the result of controlling activities that reduce the loss of corporate resources. The main work in the field of risk management is to identify and further assess those or other factors, determining such business strategies that allow companies to acquire new competitive advantages. Risk-based management is reflected in the strategic plan of the corporation and is implemented on the basis of the correction of deviations identified in the process of controlling and the assessment of risk factors.