The article shows that in the absence of strong market competition, traditional corporate governance mechanisms lose their effectiveness, which increases agency conflicts, the risk of abuse of a dominant position and the growth of regulatory risks. In response, there has been a shift from an agency model focused on increasing share-holder value to a stakeholder management model aimed at taking into account the interests of all stakeholders, in which boards of directors actively integrate the ESG agenda, antitrust compliance and new regu-latory requirements on digital markets into corporate strategies.
corporate governance; dominant position; monopoly; oligopoly; digital platforms; antitrust compliance; board of directors; agency conflict; antitrust regulation