THEORETICAL BASIS FOR ENTERPRISE FINANCIAL AND ECONOMIC SECURITY MANAGEMENT AND THE LEGAL FRAMEWORK FOR ITS PROTECTION

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Adonis CHAKALOV

Abstract

Given how unstable and unstable the economic environment in which domestic business entities operate is, within the framework of this study, it was decided to identify and describe the legal foundations for implementing the process of managing the financial and economic security of an enterprise and the legislative basis for its protection, since it is the legal sphere and regulatory regulation in Ukraine that remain the tool for managing the processes of financial and economic activity even in conditions of maximum uncertainty and the most radical risks. Legal protection tools help company management "repel" raider attacks, minimize personnel risks, restore business reputation and professional image, counteract cybernetic interference in digital business ecosystems, etc.


Purpose is a generalization and critical review of the theoretical basis of managing the financial and economic security of enterprises and the legal foundations of its protection.


The goal of legal protection of the financial and economic security of an enterprise is to identify the threat of its management committing illegal actions, as a result of which the business entity will suffer losses or be forced to incur additional expenses, for example, to pay fines, penalties, and penalties, and experience negative consequences for its own business reputation and professional image, and to prevent these threats or minimize their negative consequences.


Six stages of implementing a phased approach to organizing legal protection of the financial and economic security of an enterprise are proposed: studying and complying with the regulatory framework of the business entity's activities, forming a subsystem of the legal security of the enterprise, choosing a model for implementing the mechanism of legal protection of financial and economic security, harmonizing internal documents and policies of the enterprise with legislation, minimizing legal (legal) risks for the state of the financial and economic security of the enterprise, assessing the state of legal security of the company's economic activities.


The purpose of legal protection of the financial and economic security of an enterprise is to identify the threat of illegal actions by its management, as a result of which the business entity will suffer losses or be forced to incur additional expenses, for example, to pay fines, penalties, and penalties, and suffer negative consequences for its own business reputation and professional image, and to prevent these threats or minimize their negative consequences.

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References

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