The article deals with the influence of ownership relations on the elements of corporate governance in modern Russian companies. The assessed parameters that help to reveal the rela-tion have been offered: shareholder influence, notice of a general meeting of shareholders, infor-mation in notifications, availability of general meetings of shareholders, proxy voting, financial re-porting standards, access to documentation, etc. The analysis of the specific features of corporate governance in the Russian public joint-stock companies on the basis of open sources of information has been carried out. The study was conducted using the GAMMA method developed by the rating agency Standard & Poor’s. The main results of the study showed that the greater the representation of minority shareholders and/or higher their activity, the more independent directors in the company, the higher the level of disclosure. If there is one large private shareholder in the company, he can also act as chairman of the board of directors. It is difficult to assess the impact of ownership relations on corporate governance in state-owned companies. If the company has a small number of minority shareholders and their activity is low, transparency is limited only by disclosure of mandatory information. It has been inferred that the peculiarities of relations between shareholders, as well as relations between shareholders and hired managers indirectly affect corporate governance’s elements. Models of the corporate control in the Russian Federation have been given (private enterprise model, managers' collective ownership model, concentrated ownership corporate control model, dispersed ownership corporate control model). More research is needed to identify a more evident relation. The article has been written in the framework of the research work “De-velopment of property relations in a modern society”.

The article deals with the interrelated development of the theory of property and corporate relations. The main tendencies and problems of development of the theory of property and corporate relations in the conditions of digital economy are revealed. At the present stage of devel-opment of the theory of property dominated by two scientific methodological approaches: ne-omarxism and neoinstitutionalism. The complementarity of these approaches allows us to talk about the transformation of traditional property relations in the direction of constant erosion and specification of property rights, the formation of new economic models, which are based on com-plex forms of ownership and entitlements. These changes in the digital economy complicate the in-ternal structure of corporate relations, mechanisms of its development, forms of participation of subjects of corporate property in the management of corporations and the appropriation of in-come, leads to depersonalization of owners in respect of intellectual property. It has been stated that information and intellectual progress and the evolution of the economic foundations of the preservation of life of modern society require the creation of fundamentally new approaches to the problems of institutionalization of property and corporate relations. The stages of the evolution of corporate relations are illustrated. It is noted that each stage in the development of corporate relations had its own specific forms of corporate entities. The redistribution of property and possession rights that is typical for the Russian economy under the influence of local corporate and shadow government regulation and of factors not related to the economy has been considered. It has been inferred that the prospects of interaction between government and business should be associated with the formation of the economic and information field of business responsibility. The state in its relations with business is forced to move from traditional ways of regulating socio-economic processes to a system of partnership relations, motivating business to implement social programs

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The article focuses on the ESG factors determining the activities of most companies in recent years. The relationship between ESG principles and the business reputation of a modern company has been indicated. Business reputation is found to be formed under the influence of a number of factors, among which a responsible attitude to the environment, social responsibility and the quality of corporate governance have come out in the first place in recent years. The analysis proved that the ESG principles are firmly entrenched abroad, the number of companies with an ESG rating is growing exponentially, and their profitability is increasing. It has been stated that the Russian business has not yet included ESG principles as mandatory parameters of active investment strategies. The emphasis is put on the relationship with stakeholders, since it is the stakeholders who evaluate the company's activities from the standpoint of the degree of satisfaction of their needs. The conducted analysis has proved that an assessment includes not only profit maximization and dividend growth, but also the results of social and environmentally responsible practices of companies. It has been inferred that there is a relationship between the sustainable development of the company, its business reputation, the creation of ethical values and taking into account the interests of stakeholders in the company's strategy. It is emphasized that ESGs become an instrument of active investment strategies and a tool that determines the business reputation of the company. The practice of responsible ESG investment has been illustrated, the role of institutional investors in the dissemination of this practice has been highlighted.