THE PRINCIPLE OF GOOD FAITH IN CORPORATE LEGAL RELATIONS

Abstract

Good faith in corporate legal relations is a fundamental principle that ensures transparency and fairness in the process of effective realization of the corporation's interests.

This principle is important not only for legal relations, but also for the protection of the corporation's interests.

Good faith in the corporate world includes various components: honesty, responsibility, equality and the rule of law, and the concept of good faith in corporate activities is not limited only to following laws and rules, but is also aimed at preserving corporate culture and corporate interests. By maintaining good faith, companies can avoid abuse, fraud and illegal activities.

Good faith also ensures the moral authority of the organization and brings about reforms in its work. The need to give a correct legal assessment of the behavior of entities acting in corporate legal relations has become more urgent than ever, which is currently due to the rapid development of the corporate governance culture and current trends in the development of global economic relations. Moreover, the analysis of judicial practice also indicates the need to give a correct legal qualification to corporate disputes, including unscrupulous behavior by corporate management bodies.