THE ROLE OF ESG PRINCIPLES IN ATTRACTING INSTITUTIONAL INVESTORS IN CORPORATE GOVERNANCE
Kalit so‘zlar:
Institutional investors, corporate governance, Uzbekistan, capital market, pension funds, shareholder rights, transparency, reform.Annotatsiya
Institutional investors – such as pension funds, insurance companies, and
investment funds – play a crucial role in promoting transparency, accountability, and efficiency in
corporate governance. In Uzbekistan, their growing presence since 2017 has significantly
influenced how companies are managed and monitored. This paper explores how institutional
investors contribute to improving governance standards, increasing shareholder activism, and
attracting foreign investment. It also evaluates the challenges they face, including limited market
infrastructure and regulatory gaps. The findings suggest that institutional investors are becoming
one of the main drivers of corporate reform in Uzbekistan, but further development of the legal
and financial system is essential to maximize their impact.
Manbalar
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