Development of Corporate Management in the Banking System

The history of the formation of corporate governance dates back to the Middle Ages and even earlier. it can be said that it started during the times. The first shares in the world were issued in 1553 by the Moscow-England Company a merchant association that had trade relations with the Moscow state. They very quickly began to gain significant priority: they acquired rights such as duty-free trade the creation of trade networks in Russian territories and even the use of Anguilla money in business. The British government together with the Moscow state provided the companies with the monopoly right of trade. In the middle of the 18th century almost all foreign merchants traded with Russia through Moscow companies. The monopolistic position of the companies made them rich. These were the times when Russian merchants gradually became poor. As a result Shokh Alexei Mikhailovich ordered all members of the companies to leave the Moscow state using the political situation related to the assassination of King Charles.