Models of «business twenty» governance: possibilities of optimization

Abstract: The article investigates the activities and structure of the «Group of Twenty» (G20) main outreach group - «Business Twenty» (B20). «Group of Twenty» is one of the leading international economic summitry institutions, which has enough capacity to infl uence on the development and implementation at the level of global community policies. B20 aims at facilitating the development of sustainable economic growth which, in turn, would contribute to job creation as well as representation and protection of the interests of the national business communities in dialogue with the G20. One of the main B20 objectives is to make an impact on the G20 agenda and fi nal commitments, with an emphasis on the consolidated interests of the global business community as the main participants of the outreach group are business associations, CEOs of global corporations, consulting organizations.

The approach to the B20 organization differs, for the seven-year history of the G20-B20 dialogue the permanent format has not been worked out and there is no unifi ed, rolling from the Chairman to Chairman mechanism of representation of the business interests within the «Group of Twenty».

Analysis of different «Business Twenty» organizational models allowed to sort out the main elements of the institution entrusted with executive functions: Chairman of «Business Twenty», «Troika», Chairs and Co-Chairs of Task Forces. The investigation suggests possible ways of their optimization in accordance with the criterion of effi ciency which is defi ned by the engagement of business community in the process of recommendations development, ensure of the maximum implementation of the business-community recommendations in the «Group of Twenty» fi nal documents, possibility of a subsequent implementation of the assumed by «Group of Twenty» obligations.

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